September 17, 2021
Donors pledging billions in aid to Afghanistan face a challenge: Navigating the Taliban
Source: CNBC
Journalist: Natasha Turak
One month after the fall of its U.S.-supported government to the Taliban, Afghanistan faces crises of astronomical levels: millions facing starvation, a nationwide liquidity crunch, suspension of aid and freezing of assets by international donors and fears of brutal human rights abuses.
Policymakers in the West are grappling with whether to engage with Afghanistan’s new government of hardline Islamist extremists — which includes wanted terrorists — as the country approaches economic collapse.
Prior to the Taliban takeover, 80% of the Afghan government’s budget was funded by the U.S. and other Western donors. Forty percent of its GDP came from international aid. Roughly half of the country lived below the poverty line.
Read the full story and more from CNBC.