Taliban economic team: distinguished strangers and zero qualifications


By Carlo Cauti *

Last Wednesday the Taliban announced their new government, which will administer the Afghanistan reconquered by Islamic integralist students.

The world was shocked to learn that the Interior Minister is a terrorist with an arrest warrant issued by the FBI, who offered a reward of $10 million (about R$55 million) to anyone who captured him. Or that the prime minister is on the United Nations’ wanted list. Or that two prisoners at Guantanamo prison are going to be ministers.

What few people are looking at is the quality of men (since there are no women in the new Executive) who will lead Afghanistan’s economy.

The country is on the verge of plunging into an unprecedented economic and liquidity crisis capable of causing a gigantic humanitarian crisis.

For days, ATMs have been operating intermittently. Local credit institutions are on the brink of bankruptcy. The Afghan currency, already at an all-time low, is in frank hyper-devaluation, while inflation (especially in food prices) is at record levels.

Afghanistan’s physical money supply is being compromised as the central bank has stopped printing its own currency.

That is why it is necessary to act immediately.

If Afghanistan were a “normal” country, the government’s priority would be a plan to kick-start the economy.