Report Wire - Afghan financial meltdown could be ‘present for terrorists,’ says UN chief

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Afghan financial meltdown could be ‘present for terrorists,’ says UN chief

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Afghan economic meltdown would be 'gift for terrorists,' says UN chief

UN Secretary-General Antonio Guterres appealed on Friday for an injection of money into Afghanistan to keep away from an financial meltdown that may spark a “catastrophic” state of affairs for the Afghan individuals and be a “gift for terrorist groups.”

His remarks come after his particular envoy on Afghanistan, Deborah Lyons, warned the Security Council on Thursday that the freezing of billions of {dollars} in worldwide Afghan belongings to maintain them out of Taliban fingers would inevitably spark “a severe economic downturn.””At the present moment the UN is not even able to pay its salaries to its own workers,” Guterres informed reporters.”We need to find ways to avoid a situation that would be catastrophic for the people and, in my opinion, a source of instability, and an action, gift for terrorist groups still operating there,” he stated.Read | UN warns Taliban-led Afghanistan wants funds to forestall complete breakdown of financial system, social orderAl-Qaeda and the Islamic State’s Afghan affiliate, ISIS-Khorasan, are current in Afghanistan.Guterres stated he had been talking with International Monetary Fund chief Kristalina Georgieva, telling reporters it was important to agree on waivers or mechanisms to get cash into Afghanistan. The IMF has blocked the Taliban from accessing some $440 million in new emergency reserves.Much of the Afghan central financial institution’s $10 billion in belongings are additionally parked abroad, the place they’ve been frozen because the Taliban got here to energy final month. They are thought-about a key instrument for the West to strain the Islamist group.Read | Afghans face starvation disaster, including to Taliban’s challengesBoth Guterres and UN assist chief Martin Griffiths hope that worldwide packages to get money into war-torn Yemen might be replicated in Afghanistan. In Yemen, the UN youngsters’s company, UNICEF, makes month-to-month money funds to some 1.5 million of the poorest households by way of a program funded by the World Bank.The United Nations can also be working to make sure it may well proceed its humanitarian work in Afghanistan, the place at the very least 18 million individuals – half the nation’s inhabitants — already need assistance.”We are permanently engaging with the Taliban and we believe that the dialogue with the Taliban is absolutely essential at the present moment,” Guterres stated.Read | Explained: Why Taliban might not be capable of entry Afghan central financial institution’s $10 billion in belongings