Afghanistan economic freefall. it needs8/15/2023 While there are a number of problems associated with the economic impacts and sustainability of direct food aid, the crisis in Afghanistan demands action now to save lives. This issue is likely only to worsen as food storages are depleted and the drought persists. It is estimated that 55% of all 43 million Afghans will face acute food insecurity in the next few months with nearly 9 million people almost living in famine conditions. There are a number of short-term concerns in the developing humanitarian crises in Afghanistan, but widespread starvation and economic collapse remain among the highest. While it will be challenging to monitor and ensure proper spending, it is essential to ensure proper disbursal of humanitarian funds and a a stable economic future for Afghanistan. As the IMF has the technical skills and infrastructure to monitor financial transactions, their monitoring could be followed by enforcement from the UN or World Bank. International organizations that have worked in Afghanistan in the past, such as the UN, World Bank, and International Monetary Fund (IMF) could coordinate together to fulfill this regulatory role. The freezing and withholding of assets should be clearly delineated by any misuse of the Taliban. In particular, a top priority is to work with the Taliban government to ensure that the Central Bank of Afghanistan is independent, monetary flow is internationally monitored, and that funds can be frozen at any time if there is suspicion of abuse. While doing so is a much larger topic than this article, we must emphasize that the Taliban’s actions and use of funds should be closely monitored by international governing bodies. We also describe how this problem could be prevented in the future to ensure that a sovereign nation’s assets are used to support the health and wellbeing of their people.Įngaging the Taliban and international oversightĪt this critical juncture, providing aid to the people of Afghanistan and stabilizing the economy is impossible without diplomatic relations being made with Taliban. In this commentary we discuss ways in which the Taliban could be engaged, and short term and long term priorities to help stabilize Afghanistan. There cannot be a better time for countries and organizations to fulfill their moral responsibility and contribute to rebuilding Afghanistan, after their decades of involvement in war and conflict. We fervently believe that all of these funds belong to the people of Afghanistan and should be used to prevent further development of a humanitarian crisis and economic collapse. Already the US has divided these assets, but the new holders of these assets and the holders of the other 3 billion in assets have a moral obligation to use them to support the people of Afghanistan. This presents a global ethical problem on who has a right to the assets and what should be done with them. It is important for us to learn lessons from the impacts globalization has had on the economy and health of Afghanistan in order to prevent further disasters in the future.Īfter the US withdraw a total 10 of billion US dollars in assets, once held overseas by the Central Bank of Afghanistan, has now been frozen as the US and other international allies understandably do not want these assets to fall into the hands of the Taliban. This cycle is no more evident than in Afghanistan. This cycle does not address the underlying cause of crises, but further perpetuates the need for a global response. As nation states often cause crises through war or persecution of citizens, we rely on international organizations and NGOs to address the outcomes of these crises. Humanitarian crises and their mitigation are becoming more inextricably tied to globalization and geopolitics. The Creative Commons Public Domain Dedication waiver ( ) applies to the data made available in this article, unless otherwise stated in a credit line to the data. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made.
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