Afghanistan Peace CampaignThe Ministry of Economy says the reason for the decline in Afghanistan’s GDP is the global economic restrictions imposed on Afghanistan.
According to a World Food Programme report, the decline of Afghanistan’s GDP was 20.7% in 2022, whereas this figure has dropped to 6.2% in 2023.
WFP said: “The economy of Afghanistan has experienced a significant contraction since the political changes in August 2021. However, the decline in real GDP has slowed, easing from 20.7% in 2022 to 6.2% in 2023, with sustained humanitarian assistance and support for basic needs.”
“I hope that this aid will be spent on work projects so that people achieve self-sufficiency,” said Khan Jan Alokozay, a member of the ACCI’s board of directors.
The Ministry of Economy says the reason for the decline in Afghanistan’s GDP is the global economic restrictions imposed on Afghanistan.
Abdul Rahman Habib, the spokesperson for the Ministry of Economy, said: “The imposition of banking restrictions, currency freeze, the cessation of the international community’s development aid, and climate changes have negatively impacted the country’s economic growth, affecting major economic indicators such as poverty, unemployment, trade, national revenue, and GDP.”
A number of economic analysts said that if the aid from various countries and international organizations is directed towards infrastructure projects, it will have a lasting impact on reducing poverty.
“If aid is provided within a framework that includes oversight, quality, and accountability, it can be more effective in reducing poverty,” said Shaker Yaqubi, an economic analyst.
Meanwhile, the World Food Programme has announced that it needs a budget of $510 million to assist the people of Afghanistan in the next six months.