Following news that the U.S. would cut 50 percent of its planned development aid to Afghanistan this year, Chairman of the Afghan Chamber of Commerce & Industries (ACCI) Mohammad Qurban Haqjo on Thursday warned that the consequences for the Afghan economy could be "catastrophic".
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The Afghan economy is still heavily reliant on foreign financial aid, and the U.S. remains one of the largest donors. However, when the White House requested 219 billion USD in development funds for Afghanistan in the annual budget, the U.S. Congress voted to approve only half of that amount.
In this episode of Towde Khabare, host Zabiullah Sadat discusses the topic with his guests.