Private Sector Concern Over Economic Downturn

Date: Sep 14, 2021, 11:29

Afghanistan private sector called on the United States to release the assets it has frozen.

Afghanistan private sector – Afghanistan Chamber of Commerce and Investment (ACCI), Afghanistan Chamber of Mines and Industry (ACMI) – on Monday in a press conference in Kabul warned the country would plunge into an economic crisis unless Afghanistan reserves are released.

The private sector representatives called the freeze of Afghanistan’s reserve by the United States in contrary to the humanitarian laws and called on the United Nations to defend the rights of the people of Afghanistan in addition to the work it is doing for attracting humanitarian support for Afghanistan.

According to the private sector officials, in the last one month due to disruption in banking systems between Afghanistan and international banks, all the financial transactions has stopped and if this continues the private sector will face severe recession.

“We call on the United States and the world to solve the issue with the frozen assets, because that money belongs to the people of Afghanistan. If you have political issues with the government or some people, you should not take people’s money hostage,” ACCI acting director Yunus Mohmand said.

The officials of the private sector also said currently the international community and the former Afghan government owes billions of AFS from Afghan contractors and if that money is not paid, the contractors will face recession.

 



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