China urges World Bank, IMF to help Afghanistan.

Chinese government minister Wang Yi urged the planet Bank and International money (IMF) on Wed to resume finance support to cash-strapped Asian nation for reconstruction. The Taliban takeover in August saw billions of bucks in financial organization assets frozen and international money establishments suspend access to funds, though humanitarian aid has continued.

Banks are running out of money, civil servants have not been paid, and food prices have skyrocketed. The IMF said on Tuesday that the Afghan economy is expected to contract by as much as 30% this year, possibly fueling a refugee crisis.

"Afghanistan needs a wake-up call on all fronts and development is the top priority," Wang said, speaking via video link with foreign ministers from neighboring Afghanistan. He renewed his call for the United States and other Western countries to lift unilateral sanctions against Afghanistan and for the World Health Organization to provide more vaccines and medical supplies to help the Afghanistan to fight COVID19. China has announced that it will send $ 30 million in emergency humanitarian aid to Afghanistan. China has always called on the international community to engage rather than isolate the Taliban.