Home Economy Afghanistan faces threat of economic collapse after Taliban takeover

Afghanistan faces threat of economic collapse after Taliban takeover

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The Afghan economy may be on the brink of collapsing, just two weeks after the Taliban seized control and toppled the U.S.–backed government in Kabul in a sudden military blitz. 

The country’s economy was already struggling before the Taliban regained power, and the Islamic group’s sudden ascension has prompted the international community to crack down on Afghanistan’s finances, freezing assets and pausing crucial foreign aid.

“Afghanistan was already facing the triple threat of COVID-19, conflict and drought. Even before recent events, the World Food Programme had announced that up to 14 million Afghans were food insecure,” Ajmal Ahmady, the former head of Afghanistan’s central bank, wrote in an op-ed for the Financial Times. “Now, the country must…

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