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IMF warns of ‘looming humanitarian crisis in Afghanistan
The International Monetary Fund (IMF) on Thursday said it was deeply concerned with the economic situation facing Afghanistan and warned of a looming humanitarian crisis facing the country after last month’s takeover by the Islamic Emirate.
Addressing a press conference in Washington DC on Thursday, IMF spokesman Gerry Rice stated that the global lender’s engagement with Afghanistan remains suspended, which means IMF funding is on hold.
He said the immediate focus should be on helping the Afghan people by allowing the flow of remittances and small-scale transfers and providing aid to countries hosting Afghan refugees.
“Our engagement with Afghanistan has been suspended until there is clarity within the international community on the recognition of the government. We’re guided by the international community in terms of the recognition of the government in Afghanistan, and we don’t have that. So, the IMF program there, which you asked about, has been put on hold,” Rice said.
He noted “as we said last month, the country cannot access IMF resources, SDRs (Special Drawing Rights) and so on at this point. But again, I want to say that we stand ready to work with the international community to advocate for urgent actions to stall a looming humanitarian crisis.”
This comes as the United States has frozen some 9.5 billion U.S. dollars in assets of the country’s central bank since August 15.
Although the Afghan central bank has resumed operation, many banks have still remained closed, with worried residents seen lining up outside the bank outlets for cash withdrawal.
The ongoing cash shortage has not only made it difficult for the Afghan people to survive but has also limited the country’s business activities of all time.
Although an aid package of over one billion U.S. dollars has been pledged by the international community, one in every three Afghan people are suffering major food shortages as a result of soaring prices, the severe humanitarian crisis in the country, and the possibility of economic collapse across the country.
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IEA FM Muttaqi, Iranian agriculture minister discuss economic cooperation
Amir Khan Muttaqi, the Islamic Emirate’s Foreign Minister, met with Gholamreza Nouri Ghezeljeh, Iran’s Minister of Agriculture Jihad, in Kabul on Thursday.
Afghanistan’s Foreign Ministry said the two sides held comprehensive discussions on bilateral relations, expanding economic and transit cooperation, and holding the seventh meeting of the Joint Economic Commission between the two countries.
Muttaqi welcomed the progress in practical economic and transit cooperation between Afghanistan and Iran, saying there are further opportunities to expand bilateral ties.
Iran’s agriculture minister also stressed the importance of making use of existing opportunities for cooperation in various sectors and called for expanding current areas of cooperation.
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HesabPay unveils new visa card and digital payment app in Kabul
The HesabPay Visa card, integrated with the global Visa network, is directly linked to users’ accounts through the HesabPay application.
HesabPay has unveiled its new Visa card and mobile application at an event in Kabul attended by officials from Da Afghanistan Bank (DAB)
Ahmad Shahpoor Mia Khail, Deputy Director of Supervision at the central bank, urged Afghans to use digital cards for payments and cash withdrawals, saying financial services and public trust remain among the bank’s priorities.
Mia Khail said the digitalization of Afghanistan’s financial system is an important step toward expanding electronic transactions.
“Our sole objective is to enable every Afghan to make payments using a card, mobile phone or other means,” he said.
Company officials said around one million active customers in Afghanistan currently use HesabPay’s services and pledged to expand access to financial services.
Ahmad Khalid Wadan, the owner of one of the companies involved, said the goal goes beyond developing an application and includes building a secure and reliable digital financial system in Afghanistan.
The HesabPay Visa card, integrated with the global Visa network, is directly linked to users’ accounts through the HesabPay application. It allows users to make payments on international websites and applications that accept Visa cards.
Users can also use the card for online purchases, travel and hotel reservations, educational courses, digital subscriptions and other everyday expenses without relying on cash.
HesabPay is a digital payments platform licensed by Afghanistan’s central bank, providing digital financial services to individuals and businesses in Afghanistan and internationally.
The launch comes as Afghanistan’s central bank continues to promote the digitalization of financial and commercial transactions, which it says can improve transparency, speed and the expansion of business activities.
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Human Rights Watch urges IEA to release detained UN, NGO staff
Human Rights Watch in a statement on Wednesday called for the release of two UN staffers and six NGO workers in Afghanistan.
HRW said that six male staff working with the Women and Children Legal Research Foundation (WCLRF) had been “forcibly disappeared” from the NGO’s Kabul office last month. The NGO has been involved in aid programmes and advocacy on women’s and children’s rights, HRW said.
In a separate incident, Human Rights Watch also called for the release of two Afghan staff members of the UN’s Assistance Mission in Afghanistan (UNAMA), who were detained by IEA officials in the western city of Herat on Sunday.
The IEA’s spokesman, Zabihullah Mujahid, told Reuters that he was “trying to gather details” about the recent detentions, but had “not received final clarity.”
The UN confirmed the detention of two of its staffers earlier this week. “UNAMA has not been informed of the charges against them and has not been permitted to visit them,” Farhan Haq, deputy spokesman for the UN Secretary-General, said in a briefing on Wednesday.
Fereshta Abbasi, Afghanistan Researcher at Human Rights Watch, said in a statement that the detentions of UNAMA staff threatened the UN’s “ability to deliver lifesaving aid.”
As the UN’s political mission in Afghanistan, UNAMA is involved in human rights monitoring and data gathering. Its reports have frequently been criticised by the IEA government in the past.
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