4 Years Needed for Afghanistan’s Economy to Return to Pre-COVID Era

The United Nations Development Program (U.N.D.P) in a Country Note published on Wednesday, November 11, said the country with already fragile economy needs four years to return to the pre-COVID situation.

The Killid Group
12 Nov 2020
4 Years Needed for Afghanistan’s Economy to Return to Pre-COVID Era
Photo: Google

The U.N.D.P published its fourth Country Note on “Socio-economic Impact of COVID-19 on Afghanistan–Fiscal Options in Response to Coronavirus Crisis” yesterday which examines the effects of the coronavirus outbreak in Afghanistan in general and implications on country’s economy in particular.

“The projected accumulated losses to the Afghan economy will make it very difficult for Afghanistan to capture the pre-COVID-19 trajectory of growth,” said Abdallah Al Dardari, U.N. body’s Resident Representative in Afghanistan.

“In order to go back to 2019 pre-COVID, we need at least four years of progressive growth, which there will be reforms, there will be funding and there will enhance trade, there will be social protection schemes,” he continued.

The U.N. agency further said that Afghanistan needs a 30 percent increase in international assistance, but it can fill some of its financial gaps by fighting corruption.

As the coronavirus pandemic continues to spread throughout the globe, countries around the world, including Afghanistan see economic collapse.

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