Afghanistan’s economic collapse could prompt refugee crisis

Published by
Al-Araby

Afghanistan’s economy is set to contract up to 30 percent this year and this is likely to further fuel a refugee crisis that will impact neighbouring countries, Turkey and Europe, the International Monetary Fund said on Tuesday. With non-humanitarian aid halted and foreign assets largely frozen after the Taliban seized power in August, Afghanistan’s aid-reliant economy “faces severe fiscal and balance-of-payments crises”, it said in its regional economic outlook update. “The resulting drop in living standards threatens to push millions into poverty and could lead to a humanitarian crisis.” The…