KABUL- The Afghan economy has plummeted into a deep crisis after the Taliban captured Afghanistan from the US troops in mid-August last year, leading to acute food shortages. According to a survey released by the International Organization for Migration (IOM), in coordination with EU partnerships, 97% of the Afghan population is currently living below the poverty line.

According to the survey, severe food shortages are being experienced by more than half of Afghanistan’s population as a result of drought and poor governance, which has a negative impact on their livelihoods and leaves many people in rural areas with few options for diversifying their sources of income.

Furthermore, the survey notes that nearly 60% of the population suffers from climate shock. It further notes that the Taliban takeover of major towns led to a reduction in employment prospects as a result of electricity cuts and decreased pricing, which led to the closure of many factories.