Economic Implications of Taliban Rule in Afghanistan
For the first time in 20 years, the Taliban has won an unexpected and complete victory over the now-defunct Islamic Republic of Afghanistan in August 2021. It comes as yet another shock to the long-suffering Afghan people, whose economy is on the verge of collapsing as it was already plagued by insecurity, COVID-19, corruption, government mismanagement and drought. The Afghan economy will face a slew of new challenges as a result of the Taliban's takeover and the international community's clampdown on aid and assistance. The coffers are empty because of the disruption in Afghan government revenue and aid, and so the Finance Ministry will have difficulty meeting basic expenses and providing social services. Gettty Images: Taliban fighters pictured in Laghman Province. They began a lightning offensive earlier this year. The previous Afghan government and its core institutions are in shambles, and the country is experiencing a severe “brain drain” of qualified technical an...