China urges World Bank, IMF to help Afghanistan By Reuters

© Reuters. FILE PHOTO: China’s State Councillor and Overseas Minister Wang Yi attends a information convention following his assembly with Greek Overseas Minister Nikos Dendias on the Ministry of Overseas Affairs in Athens, Greece, October 27, 2021. REUTERS/Louiza Vradi

By Yew Lun Tian

BEIJING (Reuters) – Chinese language Overseas Minister Wang Yi urged the World Financial institution and Worldwide Financial Fund (IMF) on Wednesday to renew financing help to cash-strapped Afghanistan for reconstruction.

The Taliban takeover in August noticed billions of {dollars} in central financial institution property frozen and worldwide monetary establishments droop entry to funds, though humanitarian support has continued.

Banks are operating out of cash, civil servants haven’t been paid and meals costs have soared. The IMF stated on Tuesday that Afghanistan’s financial system was set to contract as much as 30% this 12 months, presumably fuelling a refugee disaster.

“Afghanistan is in want of revival on all fronts, and improvement is the highest precedence,” stated Wang, talking through video-link to international ministers from Afghanistan’s neighbours.

He renewed a name for the US and different Western international locations to elevate unilateral sanctions on Afghanistan and for the World Well being Group to supply extra vaccines and medical provides to assist Afghanistan battle COVID-19.

China has stated it can ship $30 million value of emergency humanitarian help to Afghanistan.

China has at all times referred to as for the worldwide group to interact, moderately than isolate, the Taliban.

“My total impression is that the Taliban is keen to have dialogue and cooperation with the skin, and that they’re severe about this,” Wang stated.

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