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IMF s note of caution

India does have large dollar reserves that can cushion our economy. Still, a deflation of inflated assets worldwide may send shudders all around. We must stay alert.

Transcripts for BBCNEWS HARDtalk 20210902 03:44:00

complete collapse right now? i would say very close. we are in an economic crisis. we have an economy that s dependent on foreign aid. we have an economy that s also dependent on trade, in businesses. the businesses are depressed. foreign aid has stopped to, um, trickle in. and the taliban very well know that it depends on international recognition of the next government. and that is, again, a factor of hope for us, that the taliban know the importance of it. the taliban have. with respect, mr zakhilwal, what we see right now is the united states has cut off all of afghanistan s dollar reserves. that s billions and billions of us dollars. we see the imf has also, for the moment, suspended all economic assistance to afghanistan. we see an economy that, until two weeks ago, was 40% reliant on international

Transcripts for BBCNEWS HARDtalk 20210901 23:44:00

a factor of hope for us, that the taliban know the importance of it. the taliban have. with respect, mr zakhilwal, what we see right now is the united states has cut off all of afghanistan s dollar reserves. that s billions and billions of us dollars. we see the imf has also, for the moment, suspended all economic assistance to afghanistan. we see an economy that, until two weeks ago, was 40% reliant on international economic aid and assistance. that s all gone. you d think if the taliban were serious about trying to get some of those economic lifelines restored, they might be doing more to reach out in terms of guaranteeing rights, guaranteeing political pluralism. we re not seeing it. yeah. and that s what we are trying to get them to understand, the severity of the economy of the country, the enormity

Transcripts for BBCNEWS HARDtalk 20210901 03:44:00

complete collapse right now? i would say very close. we are in an economic crisis. we have an economy that s dependent on foreign aid. we have an economy that s also dependent on trade, in businesses. the businesses are depressed. foreign aid has stopped to, um, trickle in. and the taliban very well know that it depends on international recognition of the next government. and that is, again, a factor of hope for us, that the taliban know the importance of it. the taliban have. with respect, mr zakhilwal, what we see right now is the united states has cut off all of afghanistan s dollar reserves. that s billions and billions of us dollars. we see the imf has also, for the moment, suspended all economic assistance to afghanistan. we see an economy that, until two weeks ago, was 40% reliant on international economic aid and assistance.

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