Category: Taliban government

Afghan Banking System Facing Existential Crisis: UNDP Report

November 22, 2021
Afghanistanafghanistan newsAsia & Pacificbanking collapseBusiness & EconomyEconomiesfood crisishumanitarian aidInternationalMiddle EastTaliban governmentWorld
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The United Nations warned Monday that Afghanistan’s banking system is on the verge of collapse because of consumers unable to repay loans, fewer deposits, and other liquidity problems, leading to a social crisis in an already fragile economy. “Afghanistan’s financial and bank payment systems are in disarray,” the United Nations Development Programme (UNDP) said in…

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Taliban Says Failure to Recognize Their Government Could Have Global Effects

October 30, 2021
AfghanistanMiddle EastTalibanTaliban governmentWorld
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KABUL—The Taliban called on the United States and other countries on Saturday to recognize their government in Afghanistan, saying that a failure to do so and the continued freezing of Afghan funds abroad would lead to problems not only for the country, but for the world. No country has formally recognized the Taliban government since…

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