Taliban looks to dodge economic crisis by boosting Afghan exports as foreign aid ends

The Taliban administration is working to boost exports to save the Afghan frugality from collapse, with a government functionary saying transnational philanthropic aid alone wo n’t help the country from slipping deeper into poverty.

“ Philanthropic aid can not break Afghanistan’s profitable problems. The only way to achieve profitable tone- adequacy is to boost domestic products and export them abroad,” the Taliban deputy foreign minister Sher Mohammad Abbas Stanekzai told a gathering in Kabul Sunday.

Stanekzai’s commentary mark a shift in a country where foreign aid makes up further than 40 of the frugality, according to data from the World Bank. The attempt to move toward tone- adequacy also comes as Afghanistan has lost access to its foreign reserves of around$ 9 billion after theU.S. set them following the Taliban take-over in August.

In 2020, the country imported utmost of its essential particulars worth around$ 9 billion. Exports reckoned for just over$ 800 million and comported of agrarian products similar as pine nuts and dried fruits substantially to China, Pakistan and Iran.

As the frugality has fallen piecemeal over the last four months, the United Nations has advised that further than half the country’s nearly 40 million people are facing acute hunger and a million children could die as a consequence.

Stanekzai formerly again criticized theU.S. for the chaos and called on it to release the finances the belong to “ Afghan people.”

Under a new measure to bypass the Taliban, theU.S. is planning to deliver aid directly to the Afghan people. The Biden administration said last week it would expand ways aid groups can help ease a fleetly worsening philanthropic extremity in the country.

The Taliban also appear to be easing their station on women’s rights, with a pledge to end restrictions coming time on teenage girls trying to pierce seminaries, according to Nazar Mohammad Urfan, a spokesperson of Ministry of Education. The move could see further foreign aid pour into the country. – Bloomberg

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