WEF 2022: Urgent need in Afghanistan is saving economy from collapse

Two high-level speakers at the World Economic Forum gathering say Afghanistan's most urgent need is saving its economy from complete collapse.

Afghanistan

Photo: Bloomberg

AP Davos (Switzerland)
Two high-level speakers at the World Economic Forum gathering say Afghanistan's most urgent need is saving its economy from complete collapse.
Achim Steiner, administrator of the United Nations Development Program, said Monday in Davos that we cannot abandon 40 million Afghans simply on the principle of moral outrage.
The Taliban's takeover of Afghanistan nine months ago and the hasty U.S. withdrawal of its troops triggered economic fallout. Underpinning that was the Biden administration's decision to freeze around USD 9.5 billion that the Afghan central bank has in U.S. banks.
President Joe Biden has signed an order to free USD 7 billion of those frozen assets, but only half are to be released for humanitarian aid to Afghanistan. The other half would go toward Sept. 11 victims.
Some argue that aid to Afghanistan's Taliban-ruled government should be made conditional to ensure the protection of women's rights and access to education.
Pakistan's new Minister of State for Foreign Affairs, Hina Rabbani Khar, said her country's government views the Taliban's decisions curbing women's rights as a threat emanating from across its shared border.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: May 24 2022 | 8:23 AM IST

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