Nearly 34 million Afghans are living in poverty and the countrys economy is on the brink of collapse, a new UN report shows.
According to the report, in 2020 the number of Afghans in poverty was 19 million compared to 34 million now, a 15 million increase. Much of the blame had to do with the Taliban taking over the following year and the sudden loss of international aid and access to finance, the report noted.
In 2021, many aid programmes were cut back when countries refused to deal with the Taliban, resulting in an economic crisis.
"The cutoff in foreign assistance that previously accounted for almost 70 percent of the government budget, has resulted in a sizable squeeze of public finances," the report executive summary said.
The central bank has been unable to supply adequate liquidity to banks because of the inability to print money and the freeze on its foreign assets held by western banks.
The report, which was released on Tuesday in Kabul by the United Nations Development Programme (UNDP), details how Afghanistans economic output collapsed by 20.7 percent, following the Taliban takeover in 2021.
At least 85 percent o...