United Nations pushes for urgent action to prop up Afghanistan's banks, warning that the country's financial system could collapse within months
The United Nations has repeatedly warned since the Taliban took over that Afghanistan's economy is on the brink of a collapse.
"Afghanistan's financial and bank payment systems are in disarray. The bank-run problem must be resolved quickly to improve Afghanistan's limited production capacity and prevent the banking system from collapsing," the report said. The UNDP's proposals to save the banking system include a deposit insurance scheme and measures to ensure adequate liquidity, as well as credit guarantees and loan repayment delay options.
"If this rate continues of non-performing loans, the banks may not have a chance to survive in the next six months. And I am being optimistic," al Dardari said.
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