When Vicki Aken, the country director of an international nonprofit, arrived in Afghanistan in 2017, the poverty rate was at about 50 per cent; by the end of 2022, it may reach 97 per cent. “We’re looking at near-universal poverty,” she told SteveCollNY.
comes down to whether to release large sums of money to Afghanistan to stabilize the economy, even if doing so may strengthen the Taliban. The alternative would be to tighten sanctions and expand travel bans, and further isolate the regime’s leaders, even if this accelerates the economy’s free fall, perhaps to the point of widespread famine. This is not an either-or policy question, of course.
Even in the face of this record, development experts continue to urge the Biden Administration to release to the Afghan central bank billions of dollars in foreign-currency reserves. The issue is technically complicated. After the Taliban took Kabul last August, the Biden Administration froze seven billion dollars in reserves held in the U.S. Lawyers representing families of victims of 9/11 then asked a judge to designate those funds as compensation for their clients.
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