Afghanistan faces economic crisis as international aid money leaves and growth stalls
FILE - In this Monday, Jan. 12, 2015 file photo, An Afghan money changer, right, counts a pile of currency at the Money and Exchange Market in Kabul. Afghanistans fragile economy has lost around a third of its value in the past year as the international military and aid organizations that poured in cash for more than a decade have drastically scaled back after U.S. President Barack Obama declared an end to the 13-year war against the Taliban _ leaving the government struggling for funds and key sectors lacking investment, economists, analysts and officials said. (AP Photo/Massoud Hossaini, FIle)(The Associated Press)
FILE - In this Monday, Jan. 12, 2015 file photo, An Afghan money changer, left, counts a pile of currency at the Money and Exchange Market in Kabul. Afghanistan's currency, the Afghani, stands at 57.60 against the U.S. dollar. Afghanistans fragile economy has lost around a third of its value in the past year as the international military and aid organizations that poured in cash for more than a decade have drastically scaled back after U.S. President Barack Obama declared an end to the 13-year war against the Taliban _ leaving the government struggling for funds and key sectors lacking investment, economists, analysts and officials said. (AP Photo/Massoud Hossaini, File)(The Associated Press)
FILE - In this Monday, Jan. 12, 2015 file photo, Afghan money changers wait for customers at the Money and Exchange Market in Kabul. Afghanistans fragile economy has lost around a third of its value in the past year as the international military and aid organizations that poured in cash for more than a decade have drastically scaled back after U.S. President Barack Obama declared an end to the 13-year war against the Taliban _ leaving the government struggling for funds and key sectors lacking investment, economists, analysts and officials said. (AP Photo/Massoud Hossaini, File)(The Associated Press)
KABUL, Afghanistan Afghanistan's fragile economy has lost around a third of its value in the past year as international aid organizations that poured in cash for more than a decade have drastically scaled back after Western forces effectively ended their 13-year war against the Taliban.
Assuming power in September amid a continuing Taliban insurgency, President Ashraf Ghani inherited a moribund economy and an electorate weary of endemic corruption and soaring unemployment. But economists, analysts and officials agree that the economic challenge has been compounded by the Western handover of security to Afghan forces, completed at the end of last month, whose knock-on effect has left key sectors lacking investment and struggling for funds.
Economic growth that was above 14 percent in 2012 will fall to just 1.4 percent this year, the World Bank predicts. In recent months, fears about the state of the economy have outstripped security concerns in opinion polls taken across the country.
The Central Bank spends tens of millions of dollars weekly to stem the fall of the afghani as money continues to leave the country, traders said, reflecting a general lack of confidence in the government's ability to introduce reforms, stimulate growth, guarantee security and cut corruption.
At Kabul's Saraye Shahzada money market, traders dealing in dollars, rubles, euros, rials, rupees and dirhams, are concerned about capital flight.
"At least twice a week, the Central Bank sells $40 million to $50 million to support the afghani," said Mohammad Khan Baz, the market's manager. "If the government doesn't pay attention to security and provide opportunities for investors, I am afraid that the economic situation for ordinary people will go from bad to worse."
Imports vastly outstrip exports, Ghani recently told parliament, exacerbating the country's dependence on financial support from international partners who are already spending billions annually on the military and police.
Continue reading here:
Afghanistan faces economic crisis as international aid money leaves and growth stalls
- Remarks at a UN Security Council Briefing on the Situation in Afghanistan - United States Mission to the United Nations (.gov) - September 22nd, 2026 [September 22nd, 2026]
- Pakistan conducts airstrikes in eastern Afghanistan in retaliation for terrorist attacks - longwarjournal.org - September 22nd, 2026 [September 22nd, 2026]
- Transparent Tribe targets India, Afghanistan with new malware in Operation RapidRust - SC Media - September 22nd, 2026 [September 22nd, 2026]
- Pakistan Says 28 Killed in Airstrikes on Three Targets in Afghanistan - U.S. News & World Report - September 22nd, 2026 [September 22nd, 2026]
- UN Rights Chief Calls for Action on Gender Apartheid in Afghanistan - thekabultribune.com - September 22nd, 2026 [September 22nd, 2026]
- Abhishek Sharma hits record T20 ton as India beat Afghanistan by 127 runs - Al Jazeera - September 22nd, 2026 [September 22nd, 2026]
- Norway Gives $1.63 Million to Afghanistan Humanitarian Fund - thekabultribune.com - September 22nd, 2026 [September 22nd, 2026]
- UN Security Council again warns of terrorist threats emanating from Afghanistan - - - September 22nd, 2026 [September 22nd, 2026]
- Rights Groups Call on UN to Extend Afghanistan Rapporteurs Mandate, Expand Scrutiny - KabulNow - September 22nd, 2026 [September 22nd, 2026]
- Pakistan Carries Out Airstrikes in Eastern Afghanistan, Killing Three - KabulNow - September 22nd, 2026 [September 22nd, 2026]
- Pakistan says 28 killed in airstrikes on Afghanistan - daily-sun.com - September 22nd, 2026 [September 22nd, 2026]
- Malala Yousafzai urges world not to turn back on women in Afghanistan during event with McEntee - The Journal - September 22nd, 2026 [September 22nd, 2026]
- Pakistan says 28 killed in airstrikes on three targets in Afghanistan - The Business Standard - September 22nd, 2026 [September 22nd, 2026]
- Al-Qaeda regroups in Afghanistan, 25 years after 9/11 - The Washington Post - September 13th, 2026 [September 13th, 2026]
- 25 years after 9/11, al-Qaeda said regrouping in Taliban-run Afghanistan - The Times of Israel - September 13th, 2026 [September 13th, 2026]
- 9/11 changed Afghanistan, but now it's back where it started - PBS - September 13th, 2026 [September 13th, 2026]
- Afghanistan vs India T20 2026: Know schedule, where to watch AFG vs IND live streaming and telecast - olympics.com - September 13th, 2026 [September 13th, 2026]
- Woman deported to Afghanistan in first use of Alien Terrorist Removal Court - The Washington Post - September 13th, 2026 [September 13th, 2026]
- Where to watch India vs. Afghanistan live stream, TV channel, start time and lineups for 1st T20I - Yahoo Sports Canada - September 13th, 2026 [September 13th, 2026]
- Afghanistan pacer raring to go after two years out - ICC - September 13th, 2026 [September 13th, 2026]
- Why India are playing as 'away' team in Delhi for Afghanistan T20I series: Explained - The Times of India - September 13th, 2026 [September 13th, 2026]
- India face tough selection calls as Afghanistan play hosts in Delhi - Cricinfo - September 13th, 2026 [September 13th, 2026]
- Naveen-ul-Haq raring to go on return to Afghanistan squad after two-year injury absence - Yardbarker - September 13th, 2026 [September 13th, 2026]
- Why Vande Mataram was sung before National Anthem in India vs Afghanistan T20I in Delhi - EXPLAINED - The Times of India - September 13th, 2026 [September 13th, 2026]
- India vs Afghanistan 1st T20I Live Streaming: Check when and where to watch, probable playing XI, head-to- - The Economic Times - September 13th, 2026 [September 13th, 2026]
- India vs Afghanistan LIVE streaming info: Where to watch IND v AFG 1st T20I? - Sportstar - September 13th, 2026 [September 13th, 2026]
- Afghanistan vs India 1st T20I Live Streaming: When, where and how to watch AFG vs IND live on TV and online | Cricket - Hindustan Times - September 13th, 2026 [September 13th, 2026]
- India vs Afghanistan Live Streaming, 1st T20I Live Telecast: When And Where To Watch Live - NDTV Sports - September 13th, 2026 [September 13th, 2026]
- India vs Afghanistan Free Live Telecast, 1st T20I Live Streaming: Where And Where To Watch - NDTV Sports - September 13th, 2026 [September 13th, 2026]
- India vs Afghanistan live streaming: How to watch 1st T20I live in India? - Business Standard - September 13th, 2026 [September 13th, 2026]
- 25 Years After 9/11, Al Qaeda Still Has a Home in Afghanistan - The New York Times - September 11th, 2026 [September 11th, 2026]
- The Forever War in Afghanistan: 25 Years in Pictures - The New York Times - September 11th, 2026 [September 11th, 2026]
- After 9/11, I lived through Australias long war in Afghanistan. There are lessons the world must learn | Shadi Khan Saif - theguardian.com - September 11th, 2026 [September 11th, 2026]
- Look back: 9/11, Osama bin Laden, and a safe haven in Afghanistan - Yahoo - September 11th, 2026 [September 11th, 2026]
- 25 years after Sept. 11 attacks, Taliban rules Afghanistan again, but now with $7 billion in U.S. firepower - cbsnews.com - September 11th, 2026 [September 11th, 2026]
- Commentary: Educating girls banned from school in Taliban-controlled Afghanistan - WAMC - September 11th, 2026 [September 11th, 2026]
- From Afghanistan to Iraq: The World Shaped by 25 Years of 9/11 - Kurdistan24 - September 11th, 2026 [September 11th, 2026]
- Statement attributable to the Spokesperson for the Secretary-General on Afghanistan - unmissions.org - September 11th, 2026 [September 11th, 2026]
- One day the Taliban will need women to be educated: three sisters on being forced back to Afghanistan - theguardian.com - September 11th, 2026 [September 11th, 2026]
- United Front claims killing of Taliban soldier in southern Afghanistan - Free Press Kashmir - September 11th, 2026 [September 11th, 2026]
- 25 years after 9/11, al-Qaida still has a home in Afghanistan - San Juan Daily Star - September 11th, 2026 [September 11th, 2026]
- Three Taliban Members Wounded In Badakhshan Attack, Says NRF - Afghanistan International - September 11th, 2026 [September 11th, 2026]
- Perspective - The struggle for women to get care in Afghanistan - France 24 - September 11th, 2026 [September 11th, 2026]
- National Briefing: Standing with women & girls of Afghanistan - Amnesty International Australia - September 11th, 2026 [September 11th, 2026]
- Afghanistan to host Bangladesh and Zimbabwe in the UAE in three-format home season - Cricinfo - September 11th, 2026 [September 11th, 2026]
- 9/11 REMEMBERED | 'The mission continues': After serving in Gulf War and Afghanistan, veterans helping others deal with physical, emotional scars -... - September 11th, 2026 [September 11th, 2026]
- Afghanistan and the Architecture of Enduring Poverty - KabulNow - September 11th, 2026 [September 11th, 2026]
- Ties With Bangladesh Should Be Strengthened, Says Taliban FM - Afghanistan International - September 11th, 2026 [September 11th, 2026]
- Trk: Human Rights Violations in Afghanistan Institutionalized as Restrictions on Women Intensify - 8AM Media - September 11th, 2026 [September 11th, 2026]
- Fereshta Abbasi: Pakistan Must Revoke Order to Expel Students from Afghanistan - 8AM Media - September 11th, 2026 [September 11th, 2026]
- Trapped in Afghanistan: when studying abroad becomes an impossible mission - en.ara.cat - September 11th, 2026 [September 11th, 2026]
- Afghanistan: Child acute malnutrition, a livelihood systems perspective - Evidence to inform integrated prevention interventions -... - September 11th, 2026 [September 11th, 2026]
- The women and babies dying because of Trumps aid cuts in Afghanistan: 100 per cent preventable - The Independent - September 6th, 2026 [September 6th, 2026]
- The U.S. Retreat from Afghanistan: 5 Years On - fdd.org - September 6th, 2026 [September 6th, 2026]
- Inside Afghanistan's secret schools where women defy the Taliban to educate girls - PBS - September 6th, 2026 [September 6th, 2026]
- Afghanistan buzkashi team withdraws from World Nomad Games - Amu TV - September 6th, 2026 [September 6th, 2026]
- Decades of war have left depth and breadth of trauma across Afghanistan, UN finds - news.un.org - September 6th, 2026 [September 6th, 2026]
- The Taliban has brought Afghanistan close to Collapse but resistance is growing - Security Risks Asia - September 6th, 2026 [September 6th, 2026]
- Inside the Taliban Intelligence Operation That Killed Hasib Panjshiri - Afghanistan International - September 6th, 2026 [September 6th, 2026]
- Kor Kitchen brings the taste of Afghanistan to SLO County - newtimesslo.com - September 6th, 2026 [September 6th, 2026]
- 5 Years Of The Talibans Return To Power In Afghanistan: Whats Next? - Religion Unplugged - September 6th, 2026 [September 6th, 2026]
- 25th anniversary of Australian service in Afghanistan 2001-2021 - DVA - September 6th, 2026 [September 6th, 2026]
- Taliban Offers United States Access To Afghanistans Mineral Wealth - Afghanistan International - September 6th, 2026 [September 6th, 2026]
- Engineering Knowledge in Afghanistan: Why the Taliban Are Eliminating Three University Programs - 8am.media - September 6th, 2026 [September 6th, 2026]
- Pakistan Says 15 TTP Fighters Killed Attempting to Infiltrate From Afghanistan - kabulnow.com - September 6th, 2026 [September 6th, 2026]
- Two Afghan Nationals Secretly Executed In Iran, Says Rights Group - Afghanistan International - September 6th, 2026 [September 6th, 2026]
- Afghanistan, Kyrgyzstan and Mongolia have highest share of transport corridor development spending relative to GDP - EDB - AKIpress News Agency - September 6th, 2026 [September 6th, 2026]
- Pakistan security forces kill 15 militants attempting to cross from Afghanistan - ottumwacourier.com - September 6th, 2026 [September 6th, 2026]
- Afghanistan issued more than 203,000 visas to foreign nationals over past year - AzerNews - September 6th, 2026 [September 6th, 2026]
- Afghanistan vet in Congress remarks on 5 years since Abbey Gate bombing - Fox News - August 27th, 2026 [August 27th, 2026]
- Pentagon claims to have found hidden files on final days of the Afghanistan war - Politico - August 27th, 2026 [August 27th, 2026]
- Opinion | The Path to Zero: The Tragic Withdrawal From Afghanistan - WSJ - August 27th, 2026 [August 27th, 2026]
- Pentagon Claims Hegseths Afghanistan Withdrawal Probe Found Hidden Files - News of the United States - NOTUS - August 27th, 2026 [August 27th, 2026]
- What Life in Afghanistan Looks Like Five Years After the U.S. Withdrawal - Katie Couric Media - August 27th, 2026 [August 27th, 2026]
- Illinois National Guard to release documentary on 2013 battle in Afghanistan - KFVS12 - August 27th, 2026 [August 27th, 2026]
- Afghanistan: Present, past and future - Pearls and Irritations - August 27th, 2026 [August 27th, 2026]
- Opinion | The Path to Zero: How the War in Afghanistan Ended - WSJ - August 27th, 2026 [August 27th, 2026]
- Norco vigil marks 5th anniversary of blast that killed 13 service members in Afghanistan - pressenterprise.com - August 27th, 2026 [August 27th, 2026]
- Marines Receive Upgraded Valor Awards for Afghanistan Withdrawal - RealClearDefense - August 27th, 2026 [August 27th, 2026]
- Taliban Must Take Verifiable Action Against TTP, Says Pakistan - Afghanistan International - August 27th, 2026 [August 27th, 2026]