World Bank sees ‘alternative way’ to avoid economic disaster in Afghanistan | Abroad

“In the current circumstances, the prospects for the Afghan economy are disastrous,” the World Bank warns. Gross domestic product per capita is expected to fall by about 30 percent by the end of this year compared to the end of 2020. “The economy is not growing fast enough to improve livelihoods or create opportunities for the 600,000 Afghans who reach working age each year.” .”

“An alternative path is possible”, the World Bank believes, but then the government must “endorse the basic standards for the treatment of women and girls and human rights and pursue sound economic policies”. The Taliban, the fundamentalist Islamist movement that regained power in Afghanistan in August last year, reversed a decision in late March to send girls to school.

However, Afghanistan has “significant economic potential, linked to its agricultural sector and natural resources, its young and growing population and the recent improvement in its security situation”, according to the World Bank, underlining that the international community should also continue to provide humanitarian assistance to enable an economic recovery.

Since the Taliban came to power, the country has plunged into a deep financial and humanitarian crisis, caused by the blockage of billions in foreign assets and the sudden cessation of international aid that has more or less kept the country afloat for 20 years. “Per capita income is likely to have fallen by a third in the final months of 2021, wiping out the economic progress that had been made since 2007,” the report said.

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