The United Nations’ request seeking $600 million in funding to help Afghanistan was met with wholehearted support. UN member countries responded with a pledge to donate over $1 billion to resuscitate the country whose people stare at poverty and uncertainty following a takeover from the Taliban in August.
The US alone will contribute $64 million to help the country while Norway will be adding around $11.5 million to its existing donation commitments towards Afghanistan’s rebuilding. Presently, the country’s facing severe drought and famine.
These two factors have also contributed to the displacement of people from their households in search of better living prospects for themselves. The country’s currency, too, has taken a bad hit following the political upheaval and it’s been reported that the banks could run out of money soon.
No end in sight for Afghanistan's myriad crises
As of now, in order to tackle this potentiality, withdrawals from banks have been capped at 20,000 Afghani (totalling about $200). This has also meant that there are unebbing queues outside banks as people try their best to take out their money to stave off further problems.
Afghanistan’s economic problems have also mushroomed because of the freezing of about $9 billion of foreign reserves that are in foreign banks. These reserves had to be frozen because of the Taliban’s takeover and still, despite the fact that the group is set to form the next government, that’ll be recognised by world powers, there’s no clarity on when these reserves will be unfrozen.
The United Nations expects to set aside around $200 million of the collected funds towards the World Food Programme (WFP) to help Afghanistan and its people with their food needs. Speaking with the media, David Beasley, the director of the WFP said, “Fourteen million people, one out of three, are marching to the brink of starvation.
They don’t know where their next meal is. If we are not very careful, we could truly, truly enter into the abyss in catastrophic conditions, worse than what we see now”.