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Afghanistan crisis: G20 leaders pledge to avert economic catastrophe

Afghanistan crisis: G20 leaders pledge to avert economic catastrophe

KABUL: OCT. 13 – Members of the G20 group of major economies have pledged to avert an economic catastrophe in Afghanistan. German Chancellor Angela Merkel said the country should not be allowed to “descend into chaos”.

The virtual summit came as the UN urged world leaders to put billions of dollars into the Afghan economy. US President Joe Biden stressed that aid should be provided via independent international organizations and not directly to the ruling Taliban.

But so far the money forthcoming has largely been counted in millions, just to provide emergency food and medicine. Pledges include a promise by European Commission President Ursula von der Leyen to give €1bn ($1.15bn; £850m) to Afghanistan and to neighboring countries taking in refugees.

Mrs. Merkel, who did not stand for re-election last month and will step down as chancellor once a new government is formed, reaffirmed Germany’s pledge of €600m. “None of us has anything to gain if the entire monetary system in Afghanistan collapses or the financial system collapses,” she told reporters.

“Then humanitarian aid can no longer be provided. Of course, it’s neve

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