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Afghanistan economic freefall. it needs
Afghanistan economic freefall. it needs










afghanistan economic freefall. it needs

Section 202(d) of the National Emergencies Act (50 U.S.C. They won’t leave the country unless they have to.Dear Mr. “They didn’t leave the country because they don’t want to. “They didn’t leave in August, did they?” he asked. Griffiths warned that if critical services aren’t provided to the Afghan people “we know what’s going to happen.” has carved out humanitarian exemptions from sanctions, and he said the U.N.

afghanistan economic freefall. it needs

Treasury also needs to provide letters for traders in Afghanistan saying they are not breaking sanctions. He said the World Bank reprogrammed $280 million for Afghanistan into humanitarian assistance which was “really good.” 31 which would be earmarked for services to help the Afghan people. would like to see $700 million come through by Jan. “By the end of the year, I’d like to see the beginnings of liquidity receding as a problem,” he said. Secretary of State Antony Blinken to discuss Afghanistan’s collapsing economy. He said he will head to Washington on Dec. government are making “an enormous effort” to address the liquidity crisis. Griffiths said the World Bank, the United Nations and the U.S. He recalled that the United States always supported the provision of electricity in Afghanistan, but 80% of electricity sources are “now at the brink of stoppage, and without electricity you have automatic consequences.” Griffiths said the consequences of Afghanistan’s collapsing economy are becoming more apparent - reports of hospitals without electricity, severe malnutrition and three or four children in one hospital bed, and tens of thousands of unpaid doctors, teachers and civil servants struggling to survive. channels to get directly to the people who need it - teachers, doctors, electricity providers and other civil servants. and other donors for money, which he insisted will not go to the Taliban but through U.N. to ease sanctions and release Afghanistan’s overseas assets in order for the government to be able to pay teachers, doctors and other public sector employees. The Taliban leadership has banned all foreign currency transactions and urged the U.S. The Afghanistan central bank’s $9 billion in reserves, most of which is held in the United States, were frozen and the International Monetary Fund blocked about $450 million because of a “lack of clarity” about a new government. The Taliban initially promised tolerance and inclusiveness toward women and ethnic minorities but their actions so far, including renewed restrictions on women and the appointment of an all-male government, have been met with dismay by the international community.Īfghanistan’s aid-reliant economy was also thrown into deep turmoil following the Taliban takeover. 15 without any resistance from the Afghan army or the country’s president, Ashraf Ghani, who fled.

afghanistan economic freefall. it needs

and NATO forces were in the final stages of their chaotic withdrawal from the country after 20 years. The Taliban overran most of Afghanistan as U.S. “So, my message today is a wake-up call about the humanitarian consequences of an economic collapse and the need to take urgent action,” Griffiths said.

afghanistan economic freefall. it needs

Griffiths said the liquidity issue must be settled by the end of the year and money must be funneled to front-line service workers during the winter, adding that he had to revise his earlier view that Afghanistan could get through the winter on pure humanitarian assistance because of the worsening economic situation.Īrcangelo wins Belmont Stakes to make Jena Antonucci 1st female trainer to win a Triple Crown race “It’s getting more and more dire by the week.” “We’re seeing the economic collapse being exponential,” he said. Martin Griffiths said in an interview with The Associated Press on Thursday that donor nations need to agree that in addition to emergency humanitarian aid they need to support basic services for the Afghan people including education, hospitals, electricity and paying civil servants - and they must inject liquidity into the economy which has seen the banking system “”pretty well shut down.” humanitarian chief warned that Afghanistan’s economic collapse “is happening before our eyes” and urged the international community to take action to stop “the freefall” before it leads to more deaths.












Afghanistan economic freefall. it needs