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Home Opinion & Blogs

Afghanistan’s economic crisis deepens, former govt employees struggle

by Web Desk
August 20, 2024
in Opinion & Blogs
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Afghanistan’s monetary situation has deteriorated hastily underneath Taliban rule, with former government employees facing severe monetary hardships. The World Bank has warned that unemployment fees within the USA have reached dangerous stages.

Afghanistan is presently dealing with a trade deficit of $three.5 billion, more often than not due to decreased exports and increased imports, in step with the World Bank. The Taliban regime has also refused to pay pensions to retired employees, further exacerbating the monetary crisis.

Recent protests have erupted in Afghanistan over the non-payment of pensions to former authorities personnel. Some ex-authorities people file being pressured to beg due to poverty, with many struggling to afford necessities like lease.

The Taliban’s financial problems have contributed to the overall monetary decline. The scenario has led to accelerated poverty and complication for plenty Afghans, especially folks that formerly worked in authorities sectors.

The financial crisis has raised issues approximately the long-term balance of Afghanistan and the welfare of its residents beneath the present day regime.

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