Afghanistan’s economy is collapsing

Afghanistan is on the brink of the world’s worst humanitarian crisis, the un said on October 25th, exceeding even the misery in Syria and Yemen.

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.

Afghanistan plunged into crisis after the hardline Islamist Taliban movement drove out the Western-backed government in August triggering the abrupt end of billions of dollars in assistance to its aid-dependent economy.