
Three years after Taliban return, economic woes loom large
The Hindu
Afghanistan's economy struggles post-Taliban, with some positive changes but many challenges, impacting citizens' livelihoods and businesses.
Despite three years of improved security following the end of the Taliban's insurgency, Afghanistan's economy remains stagnant and its population is in the grips of a worsening humanitarian crisis.
A third of Afghanistan's roughly 40 million people live on bread and tea, according to the United Nations, there is massive unemployment, and the World Bank warns of zero growth over the next three years.
But there have been some positive changes since the Taliban takeover in 2021 — even if their government remains unrecognised by any other country.
The currency has been resilient, corruption is no longer ubiquitous, and tax collection has improved.
Authorities have also built "economic, commercial, transit and investment" ties in the region, according to Ahmad Zahid, deputy commerce and industry minister.
Afghanistan has great mineral and agricultural potential, which the Taliban government is attempting to exploit, but they are impeded by poor infrastructure and a lack of domestic and foreign expertise and capital.
Though Afghans welcome the improved security in their lives, many are just trying to make ends meet.