Afghanistan's economic woes continue under the Taliban

ANI
03 Dec 2021, 10:33 GMT+10

Kabul [Afghanistan], December 3 (ANI): Afghanistan is facing economic hardships after the takeover of the Taliban in August this year and its financial crisis has increased further.

Afghanistan's economy continues to plummet with the Taliban takeover. Afghanistan's economy is largely made up of the agriculture and services sector, both of which have already shown a decline. Agriculture has been the biggest source of employment has taken a huge hit due to the rising insecurity in the country and widespread droughts, according to the International Forum for Rights and Security.

Further, nine out of ten Afghan families are already unable to obtain sufficient food stocks and over 1 million children could face malnutrition and even death by starvation with further scares of the outbreak of diseases like measles and polio throughout the population, it added.

Earlier, the World Food Programme (WFP) has warned of the emerging food insecurity in Afghanistan will affect almost 14 million people.

Further, in the regional hospital in southern Kandahar province, more than 70 children are admitted in the malnutrition ward, running over its capacity, according to the International Forum for Rights and Security.

Also under the US pressure, with sanctions been imposed, the World Bank cut off $600 million in funding which largely contributes to the country's healthcare system.

Further, it noted that as many as 2000 hospitals and clinics, including those designated for COVID patients have been forced to shut down across Afghanistan due to funds shortage. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.

More Information

null in null

Business

Section

BP appoints ex-Shell finance chief Simon Henry to board

LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...

FedEx, UPS step up as Canada Post loses market share in strikes

OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...

U.S. stocks steady Tuesday despite tariffs turmoil

NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...

Beijing blamed for covert disinformation on French fighter jet Rafale

PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...

Birkenstock steps up legal battle over fakes in India

NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...

Beijing hits back at EU with medical device import curbs

HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...

Asia Pacific

Section