London Daily

Focus on the big picture.
Thursday, Aug 20, 2026

Afghan Economic Meltdown Would Be "Gift For Terrorists": UN Chief

Afghan Economic Meltdown Would Be "Gift For Terrorists": UN Chief

The UN chief's remarks come after his special envoy on Afghanistan warned that the freezing of billions of dollars in international Afghan assets would inevitably spark "a severe economic downturn."
UN Secretary-General Antonio Guterres appealed on Friday for an injection of cash into Afghanistan to avoid an economic meltdown that would spark a "catastrophic" situation for the Afghan people and be a "gift for terrorist groups."

His remarks come after his special envoy on Afghanistan, Deborah Lyons, warned the Security Council on Thursday that the freezing of billions of dollars in international Afghan assets to keep them out of Taliban hands would inevitably spark "a severe economic downturn."

"At the present moment the UN is not even able to pay its salaries to its own workers," Guterres told reporters.

"We need to find ways to avoid a situation that would be catastrophic for the people and, in my opinion, a source of instability, and an action, gift for terrorist groups still operating there," he said.

Al Qaeda and the Islamic State's Afghan affiliate, ISIS-Khorosan, are present in Afghanistan.

Guterres said he had been speaking with International Monetary Fund chief Kristalina Georgieva, telling reporters it was essential to agree on waivers or mechanisms to get money into Afghanistan.

The IMF has blocked the Taliban from accessing some $440 million in new emergency reserves.

Much of the Afghan central bank's $10 billion in assets are also parked overseas, where they have been frozen since the Taliban came to power last month. They are considered a key instrument for the West to pressure the Islamist group.

Both Guterres and UN aid chief Martin Griffiths hope that international programs to get cash into war-torn Yemen could be replicated in Afghanistan. In Yemen, the UN children's agency, UNICEF, makes monthly cash payments to some 1.5 million of the poorest families through a program funded by the World Bank.

The United Nations is also working to ensure it can continue its humanitarian work in Afghanistan, where at least 18 million people - half the country's population - already need help.

"We are permanently engaging with the Taliban and we believe that the dialogue with the Taliban is absolutely essential at the present moment," Guterres said.
Newsletter

Related Articles

0:00
0:00
Close
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
Moderna Shares Surge After Positive Personalized Skin Cancer Trial Results
UK Markets Watch US National Debt Surpass Forty Trillion Dollars
UK Broadcasters Urge Government to Invest in Digital Participation and Broadband
CVC Capital Partners and Standard Life Launch Two Billion Pound Pension Risk Transfer Venture
UK Private Sector Productivity Growth Accelerates in Second Quarter
UK Foreign Secretary Ed Miliband Condemns Israeli E1 Settlement Tender
UK Watchdog Investigates Trainline, Virgin Atlantic and RED Driving School Over Hidden Fees
Prince Harry and Meghan Markle Plan Move to Private Home Outside London
UK Retail Sentiment Improves as Summer Spending Boosts Consumer Confidence
UK Aid Cuts Draw Warnings From Charities Over Humanitarian Consequences
UK Financial Conduct Authority Issues Guidance for Motor Finance Redress Scheme
UK Met Office Launches Aviation Programme to Reduce Climate Impact of Persistent Contrails
Former UK Civil Service Chief Received Record 500,000 Pound Severance Payment
West Midlands to Bring Bus Network Under Public Franchising Model
UK Government Drops Plan to Relax Affordable Housing Requirements After Backlash
UK Reaffirms Military Support for Ukraine Despite Russian Hybrid Warfare Threats
UK Technology Sector Expands Nearly 8 Percent as Digital Industry Outpaces Wider Economy
UK Drought Threatens Harvests Across England and Wales as Food Inflation Risks Persist
UK Government Pledges 442 Million Pounds to End Rough Sleeping by Christmas
UK Government Signals Willingness to Reconsider Digital Services Tax Amid US Tariff Threats
UK Inflation Rises to 2.9 Percent as Energy Costs Threaten Economic Recovery
NHS Hospitals Cancel Surgeries as Extreme Heat Pushes Ward Temperatures Above 40 Degrees Celsius
UK Heatwave Forces Emergency Measures as Wildfire Risk, Hospital Disruption and Drought Intensify
A Sleepless Night on Wall Street: Nasdaq to Begin Nearly Round-the-Clock Trading
"The First in the World": 69-Year-Old Protested Artificial Intelligence—and Went to Jail
Ukraine's Ousted Defence Minister Calls for Wartime Presidential Election
UK Marks Ten Years of Night Tube as London Weekend Usage Exceeds Eighty-One Thousand Journeys a Night
Met Office Issues Thunderstorm Warnings Across Northern Ireland Over Flash-Flood Risk
Frasers Group Raises Stake in Hugo Boss to Nearly Forty-Eight Percent
Scottish Clyde Marine Pilots Prepare for Strike That Could Disrupt Glasgow and Greenock Shipping
Twenty Passengers Injured After Southern Train Derails Near Lewes in East Sussex
Government Rules Out High-Speed Rail Revival Between West Midlands and Northern England
West Midlands Bus Network Returns to Public Ownership in Twenty-Four Million Pound Deal
UK Competition Watchdog Targets Trainline, Virgin Atlantic and RED Driving School Over Drip Pricing
Northern Ireland Health Minister Mike Nesbitt Resigns After Dispute Over Causeway Hospital Surgery Closure
UK Long-Term Government Bond Yields Rise to Five Point Eight Five Percent as Borrowing Costs Surge
UK Government Overhauls Planning Rules to Push Housing Development Near Major Transport Hubs
UK Health and Economic Pressures Highlight Wider Strain on Households and Public Finances
UK Prime Minister Andy Burnham Reaffirms Full Support for Ukraine Amid Russian Warnings
Sainsbury’s Suspends Live Facial Recognition at London Store After Customer Misidentified
Artists Urge UK Prime Minister Andy Burnham to Reject New North Sea Oil and Gas Licensing
UK Government Awards Four Hundred and Fifty-Six Million Pound Civil Service Training Contract to EY and KPMG
×