United Nations, November 23, : , Aid to Afghanistan has reached its target as relief demands increase, while the United Nations warns the country that their banking and financial system are at risk, according to a UN spokesperson. Stephane Dujarric (chief spokesman of UN Secretary-General Antonio Guterres), stated that non-performing credit loans on the credit market had increased by around 30% at the end 2020, to approximately 57 percent in September.
This was based upon a UN Development Programme report.
According to Xinhua, Dujarric stated that UNDP estimates that deposits will shrink as banks continue to pull out savings.
He said that indicators in the report are a sign of the imminent collapse of the Afghan financial and banking systems.There are several solutions for this crisis in the document, including deposit insurance, sufficient liquidity for banks, credit guarantees, and loans repayment delay options.
According to the UN Office for the Coordination of Humanitarian Affairs, the UN Office for the Coordination of Humanitarian Affairs, the UN is increasing the funding for humanitarian assistance in Afghanistan.They also have better access and more life-saving aid.However, the need for humanitarian assistance is growing faster than the ability to reach those in crises.
Dujarric stated that the Afghanistan Flash Appeal is now fully funded.
The company had requested $606 million in order to assist 11 million of those most in dire need during the first four months.
He said, “We are thankful for the generous donations of the donor community.”
Due to the liquidity and cash crisis, financial system problems have prevented all financial promises from being translated into concrete actions.
According to the spokesperson, half of people don’t know where their next meal is.Malnutrition affects one out of four pregnancies and one in every two children.
Between September 1, and mid-November UN partners, non-governmental organizations provided food assistance to 7.2 million people.He said that they reached over 880,000 people for primary and second-level health care, provided assistance to almost 199,000 people affected by drought through water trucking, and helped more than 178,000 children with acute malnutrition.
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