Kabul (IP) – University professor and expert on economic issues in Afghanistan says the economic crisis is serious, and the international community's cooperation with Afghanistan is essential.

Iran PressAsia: In an interview with Iran Press, Shoja Mohseni elaborated on the economic situation in Afghanistan and said: "Afghanistan's economic volume has shrunk by 50 percent compared to 10 years ago, and forecasts indicate that Afghanistan's economy will continue to shrink."

He said credit to Afghan banks had been lost, and with US sanctions, money could not be transferred from Afghanistan.

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He stated that given Afghanistan's foreign-dependent economy in the previous government and the inadequacy of the country's agricultural sector, if foreign aid is not provided, Afghanistan's economic collapse and humanitarian catastrophe are predicted.

Mohseni noted that the people of Afghanistan in the previous government were dependent on the government and international organizations in livelihood.

"If the international community does not help Afghanistan in the current situation, a dark future for the country's economy is conceivable," he concluded.

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