G20 Leaders Vow To Prevent Economic Catastrophe In Afghanistan

• Biden stressed that aid should be provided via independent international organisations and not directly to the ruling Taliban.

Members of the G20 group of major economies have pledged to avert an economic catastrophe in Afghanistan.

German Chancellor Angela Merkel said the country should not be allowed to “descend into chaos”.

The virtual summit came as the UN urged world leaders to put billions of dollars into the Afghan economy.

US President Joe Biden stressed that aid should be provided via independent international organisations and not directly to the ruling Taliban.

But so far the money forthcoming has largely been counted in millions, just to provide emergency food and medicine.

Read also: US Agreed To Provide Humanitarian Aid To Afghanistan, Says Taliban After Talks

Pledges include a promise by European Commission President Ursula von der Leyen to give €1bn ($1.15bn; £850m) to Afghanistan and to neighbouring countries taking in refugees.

Mrs Merkel, who did not stand for re-election last month and will step down as chancellor once a new government is formed, reaffirmed Germany’s pledge of €600m.

“None of us has anything to gain if the entire monetary system in Afghanistan collapses or the financial system collapses,” she told reporters.

“Then humanitarian aid can no longer be provided. Of course it’s never easy to draw the line, so to speak, but to look on as 40 million people descend into chaos because there’s no electricity supply or financial system – that cannot and must not be the goal of the international community.”

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