The World Bank has said that Afghanistan is facing an unprecedented humanitarian crisis, and the incomes had dropped so starkly that around 37% of Afghan households did not have enough money to cover food, while 33% could afford food but nothing more.
According to the World Bank, the outlook for Afghanistan’s economy is dire with per-capita income falling by over a third in the last four months of 2021, predicting per-capita GDP to drop by 30% by end of 2022.
The economic fragility happened after the Taliban seized power and foreign forces withdrew from Afghanistan in mid-August.
“One of the poorest countries in the world has become much poorer,” Reuters quoted Tobias Haque, World Bank Senior Country Economist for Afghanistan, as saying.
“The isolation of the Afghan economy following last Augusts’ political crisis risks…leading to grave poverty, displacement, fragility, and extremism threats,” Haque added.
“Under current conditions, the outlook for Afghanistan’s economy is dire,” Haque added.
The US administration and other foreign governments cut development and security aid to Afghanistan after the Taliban regained power after 20 years of war.
The decision was made after the Taliban failed to meet Western conditions, in particular upholding women’s rights, and letting girls go to school.
The US had canceled a planned meeting with Taliban leaders in Qatar in March to discuss economic issues after the Taliban prevented and sent all high school-aged girls home after they arrived at schools across Afghanistan.
The decision sparked the anger of foreign donors and the international community plus many Afghans as the Taliban officials had previously said they were opening all schools.
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