MEDAM in the News
Biden administration faces big choices as economic calamity hangs over Afghanistan
Excerpt from the Article
But signs of danger are mounting. Afghanistan’s currency, the Afghani, lost about 5 percent of its value this week, reaching 86 to the U.S. dollar, according to Bloomberg News.
Majrooh, the health minister, said Afghanistan’s two major health-care systems — one funded by international donors, the other by the Afghan central government — are under threat of collapse. He said they need oxygen, oil, fuel and food for patients.
“Economically, this is likely to be a disaster unless they can figure out a way to keep the development aid going and the international support going,” said Matthias Lücke, a senior researcher at the Kiel Institute for the World Economy and a former official at the IMF. “It will be close to complete breakdown of the state and the economy. It is scary.”