AFGHANISTAN ECONOMY

Special Inspector General for Afghanistan Reconstruction (SIGAR) releases report on economy

epa11101586 An Afghan boy search for reycleable waste to be sold to factories, on a roadside in Kabul, Afghanistan, 24 January 2024. Millions of dollars in cash shipments have been delivered to Afghanistan every 10-14 days, with an average value of 80 million US dollars per shipment, according to a report by the Special Inspector General for Afghanistan Reconstruction (SIGAR). The money is deposited in designated UN accounts in private banks in Kabul and is allocated to education, health, and development projects, with oversight by the Taliban government. Economic experts view the assistance positively, citing potential benefits for monetary stability and economic growth. However, a recent United Nations Development Program (UNDP) report highlights the ongoing challenges faced by the majority of Afghans, with 69 percent lacking access to sufficient resources for basic needs and the economy having declined by 27 percent since 2020. EPA/SAMIULLAH POPAL

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