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RASC News > News > World Bank: Afghanistan Faces Bleak Economic Future
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World Bank: Afghanistan Faces Bleak Economic Future

Published 21/04/2024
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RASC News Agency: The World Bank has expressed concerns about Afghanistan’s dismal economic outlook. In its latest report released today, Sunday, April 21, the World Bank revealed that Afghanistan’s economic prospects will remain bleak until at least 2025.

 

The report outlines that stagnant gross domestic product (GDP) growth, coupled with a decrease in external funding, has triggered an economic downturn in Afghanistan. The report also indicates that since the Taliban assumed control two years ago, the country’s economy has faced a sharp contraction of 26%.

 

Furthermore, the report emphasizes that the prohibition of opium cultivation has led to an 8% reduction in Afghanistan’s GDP. Despite these obstacles, the Taliban asserts that Afghanistan’s economic future is optimistic, relying on mineral extraction and the unchecked sale of the country’s underground resources.

RASC 21/04/2024

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