Africa Business Radio

UN Launches Cash Plan To Support Afghan Economy

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Synopsis

The United Nations launched a funding programme aimed at preventing the Afghan economy from collapsing during the winter by getting cash flowing through the local economy again.The UN Development Programme has set up a trust fund through which governments can channel finance via the UN to specific programmes on the ground, rather than sending money government-to-government, with Afghanistan now controlled by the Taliban.UNDP chief Achim Steiner says they are not only witnessing a nation and a country in the midst of political turmoil but also witnessing an economic implosion.