Several dozen economists urge US to release Afghanistan's $7 billion reserves that Washington froze after Taliban took over control of the South Asian country nearly a year ago
Several dozen prominent US and international economists have urged the United States to release Afghanistan's $7 billion reserves that Washington froze after the Taliban took over control of the South Asian country a year ago.
"Without access to its foreign reserves, the central bank of Afghanistan cannot carry out its normal, essential functions," they wrote.The signatories included Nobel economics prize winners Joseph Stiglitz and Yanis Varoufakis, who served as Greece's minister of finance when the country was negotiating with creditors after the 2008 economic collapse.
The economists said the plunge in economic activity and the sharp cuts to foreign aid by previous supporters of the country after the US military withdrawal have sent the Afghan economy into a tailspin."Some 22.8 million people –– over half the population –– face acute food insecurity, and three million children are at risk of malnutrition."
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