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World Bank: Peace Deal With Taliban to Help Improve Struggling Afghan Economy

The World Bank estimated Sunday that Afghanistan’s economy grew by less than two percent (1.8 %) in 2018 primarily due to ongoing war, drought and political uncertainty, likely leading to further increases in poverty. In its latest assessment of the Afghan economy, the Bank noted that sustained and substantial improvement in the security situation are key to better economic conditions required to reduce poverty from high current levels. “Any political settlement with the Taliban could bring major economic benefits through improving confidence and encouraging the return of Afghan capital and skilled workers from overseas,” the assessment noted. The report comes as the United States has been holding negotiations with Taliban insurgents to try to bring an end to the 18-year-old Afghan war. The two adversaries are said to have come closer to signing a peace deal that could also jumpstart intra-Afghan negotiations for permanent cessation of four decades of hostilities in the country.................................

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Helpline 1090
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