Wednesday, December 8, 2021
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China urges World Bank, IMF to help Afghanistan

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Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com

Chinese Foreign Minister Wang Yi has urged the World Bank and the International Monetary Fund to resume financial support for reconstruction in cash-strapped Afghanistan.

The Taliban’s takeover in August led to the freezing of billions of dollars in assets of the central bank, and the suspension of international financial institutions from Afghanistan’s access to funds, but humanitarian aid continued.

Banks are running out of liquidity, government employees are not getting their salaries, and food prices are rising. The International Monetary Fund that Afghanistan’s economy is expected to contract by up to 30 percent this year, which could fuel a refugee crisis.

Speaking on Wednesday, Wang said via video link with foreign ministers of countries neighboring Afghanistan that Kabul “needs recovery at all levels, and development is a top priority.

He repeated a call for the United States and other countries in the West to lift unilateral sanctions on Afghanistan, and for the World Health Organization to provide it with more vaccines and medical supplies to help the country fight the Coronavirus.

China had said it would send emergency humanitarian aid worth 30 million dollars to Afghanistan.

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