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LIVE: Anti-Taliban forces claim to have 3 districts in Afghanistan's north

Fitch Solutions also said that its currency may slide further than it already has following Taliban's takeover

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Afghanistan | Kabul | Taliban


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Solutions said on Friday that Afghanistan's economy could shrink by as much as 20 per cent this year and its currency may slide further than it already has following the Taliban's takeover.

"It is likely that the economy will contract sharply this year," Anwita Basu, head of Asia Country Risk at Solutions - the analysis and research arm of Group - told Reuters. "Countries facing similar circumstances like Myanmar and Syria have seen their GDPs collapse by around 10-20%, which can't be ruled out for too."  

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Meanwhile, the United Nations Development Programme (UNDP) has raised alarm over the ongoing situation in after took over the country after a swift offensive.

"UNDP joins the call of millions of Afghans and around the world for peace, respect for human rights, and access to development assistance for all in Afghanistan -- irrespective of their gender, religion, ethnic background, professional affiliation or political beliefs," UNDP said in a statement.

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First Published: Sat, August 21 2021. 06:26 IST

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