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Dateline London-20210912-10:45:00

afghanistan is, to use the expression, too big to fail. warnings abound about it being a safe haven for extremists. there are worries about human rights violations, and a deepening crisis of hunger and hardship that will concentrate many minds on trying to find a way to work with the new government announced this week by the taliban. a government with no female representatives. and top of the list of those seeking to help are the world bank, the imf and banks across the globe planning to unlock afghanistan's frozen assets to avoid what the secretary general of the un has described as an impending humanitarian disaster. or perhaps they are thinking about unlocking those assets. simon, just how much money belonging to afghanistan is locked away and where is it? there are two different strands to this and one is that the afghan government was dependent for 40% - of its national income on foreign i aid, so that's day—to—day spending. so, if you cut that off, - you have got a serious problem.

Way , Afghanistan , Crisis , Human-rights-violations , Hunger , Hardship , Extremists , Expression , Warnings , Minds , Safe-haven , Too-big-to-fail

Dateline London-20210911-10:46:00

aid, so that's day—to—day spending. so if you cut that off, _ you have got a serious problem. the other one is that they had about $9 billion to $10 billioni of foreign currency reserves - and what countries generally do with that is they use it to manage the value of their own currency. in international markets. that has been frozen - and what that can do is send currencies into freefall- and you get hyperinflation. now, we have seen a bit of that, but perhaps not| as much as we thought. so the question - for the international community now is exactly how. economically do you approach the new taliban government? if you play hardball and say, we're going to freeze this, l you risk a humanitarian crisis. if you don't, then you risk in a way economically - legitimising and recognising the government in place. i so they do have some leverage. how you play it is an incredibly difficult diplomatic position, i which i don't think countries around the world are...there's any- consensus about that yet. indeed. what are the opinions

Countries , Problem , One , Spending , Currency , Value , I-aid , Reserves , 0 , -billion , 10 , 9-billion