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September 28, 2021
Anna Murray
Jan Egeland, the Secretary-General of the Norwegian Refugee Council warned that Afghanistan's economy is about to collapse. Syed Moosa Kaleem Al-Falahi, the Chief Executive of the Islamic Bank of Afghanistan, also indicated that Afghanistan's bank and the financial industry are on the edge of an "existential crisis."
The original economic environment in Afghanistan was already uncertain. What was worse, with the Taliban's takeover of Afghanistan, the international funds were frozen and the huge withdrawal from the banks. According to the survey of the UN’s World Food Programme, over 5% of households had sufficient daily foods to eat in Afghanistan and half of the interviewees said they had eaten up foods at least once in the last two weeks.
About 40% of Afghanistan's gross domestic product (GDP) came from the support of foreign countries. However, since the Taliban took control of Afghanistan, the funds from the West were frozen. Mr. Egeland pointed out that UN member states should arrange the multilateral agreement to bring the stabilization and funds to Afghanistan.