Editor in Chief: Moh. Reza Huwaida Monday, May 6th, 2024

Withdrawal Will Push Masses into Poverty

Everybody sees NATO's upcoming Chicago Conference as an event where some clear-cut plans for supporting Afghanistan's military and economy in post-2014 era will be finalized. Nonetheless, to speculate that the summit will address all the negative impacts that will be left behind after the international troops' withdrawal would mean being overly optimistic and irrational. Currently, long term international aids for the civilians seem to be out of focus as the Western countries are yet to discuss and agree upon how to meet the growing military needs of Afghanistan.

The withdrawal process has already started affecting the Afghan economy as there has been a significant decrease in the value of Afghan currency, foreign investment and prices of real estate. Afghanistan is an importing country and needs a stable currency and enough foreign reserves. However, once the foreign troops are out in full, the value of Afghanis would go significantly down against foreign currencies and Afghanistan foreign reserves would also decrease up to a great extent. The real estate prices have been going down since US President Barrack Obama announced his exit strategy and there is a growing fear of recession.

At the same time, rich Afghans have been transferring capitals in millions of dollars to UAE and other secure countries of the world. Businessmen are worried about their investments and the level of foreign direct investment has dropped majorly in the last two years.

More than one third Afghan population lives below or slightly above the line of poverty. International community's withdrawal will further trigger the condition as thousands of the people currently employed with various NGO's and foreign offices would lose their jobs. That will cause more people to get engaged in drug trade and other crimes.

For all security and economic hardship that will be faced by the people of Afghanistan, the Karzai administration is responsible up to a great extent. President Karza's failure to tackle the rampant corruption caused the billions of dollars of international aids to go futile in the last ten years. Sometimes, it feels quite astonishing that how the international community makes important deals on the present and future of Afghanistan with one of the corrupt governments of the world.