Publications
Articles, publications, books, tools and multimedia features from the U.S. Institute of Peace provide the latest news, analysis, research findings, practitioner guides and reports, all related to the conflict zones and issues that are at the center of the Institute’s work to prevent and reduce violent conflict.
Revitalizing Afghanistan’s Ministry of Finance
Revitalizing Afghanistan’s badly damaged Ministry of Finance is critical for the state’s survival today and will be equally important during a peace process or under any interim or power-sharing arrangement. Without curbs on political interference and corruption at the ministry, Afghanistan will be hard pressed to ensure that aid pledges made at November’s Geneva international conference materialize.
As U.S. Troops Leave Afghanistan, Can Aid Help in Pursuing Peace?
As American troops leave Afghanistan, U.S. policymakers are trying to find other tools to advance peace between the Taliban and the Afghan government. One possible instrument is financial aid, which poured into Afghanistan during the 20-year international military presence in the country. There is, however, no guarantee that aid can help shape events. Certainly, a sudden cutoff of security and civilian support would trigger state collapse. Otherwise, though, expectations should be modest: Experience — in Afghanistan and elsewhere — shows aid has limited impacts, especially amid heavy fighting. The best course for now is to keep assistance at least at its current level, particularly for the Afghan budget, retain flexibility and keep funding available to facilitate moves toward peace and address humanitarian emergencies.
After Taliban Takeover, Can Afghanistan’s Economy Survive?
The Taliban’s unexpectedly rapid and complete victory over the now defunct Islamic Republic of Afghanistan brings with it yet another shock to the long-suffering Afghan people and the country’s very weak economy. Already plagued by insecurity, COVID, corruption, government over-centralization and mismanagement, declining revenues and drought, the Afghan economy will now face a host of challenges in the aftermath of the Taliban’s takeover and the international community cracking down on aid and assistance. As a new Afghan government takes shape, the actions of the Taliban and the response of the international community could greatly exacerbate or modestly ameliorate the current economic and humanitarian crises.
What Can the Taliban Learn From Past Afghan Conquests and Collapses?
The Taliban’s lightning conquest of Afghanistan caught many people by surprise, perhaps including the Taliban themselves. However, it is not the country’s first episode of an unexpectedly quick military victory and consequent rapid change in regime. Historical examples may provide relevant lessons for the victorious Taliban as they begin to govern the country, including pitfalls to be avoided in their own and the nation’s interest.
Key to Afghan Relief Efforts: Financial Engineering for Private Sector, Economy
The U.S. government needs to urgently prioritize saving Afghan lives, meeting basic human needs and stemming the free-fall of the Afghan economy. The unprecedented evacuation of some 100,000 people from Kabul airport in August demonstrated what clear objectives and a whole-hearted, government-wide focus can accomplish under the worst of conditions. While that scale of mobilization is not required now, a similar unity of effort and focus, this time on financial engineering, will be needed to deliver aid to the Afghan people and limit further economic damage in coming months.
Taliban Are Collecting Revenue — But How Are They Spending It?
Although economic and humanitarian conditions in Afghanistan continue to deteriorate, the Taliban have taken some positive steps toward financial stability by publishing a fiscally responsible three-month budget and raising considerable amounts of domestic revenue — especially through customs duties, which have risen with a crackdown on corruption.
Afghanistan’s Frozen Foreign Exchange Reserves: What Happened, What’s Next
President Biden’s executive order blocking more than $7 billion of Afghan foreign currency reserves held at the U.S. central bank left confusion and consternation in its wake. And no wonder: The administration was seeking to balance a complex set of legal, foreign policy and political considerations.
Ukraine War Fallout Will Damage Fragile States and the Poor
The world is gripped by the Russian invasion of Ukraine — already the most destructive European conventional military conflict since World War II. The damage being done most tragically to Ukraine, indirectly to Europe (not least the burden of refugee inflows) and to Russia (including as a result of crushing sanctions) is only too obvious. But the repercussions will be wider — for the global economy more generally and disproportionately for poorer countries, especially those affected by conflict and state fragility.
Afghanistan Aid Conference Yields Mixed Results
The quadrennial international donor conference for Afghanistan, held virtually late last month from Geneva, was largely shaped by the pitfalls and roadblocks forecast months ago when the event was publicly announced. Delays in the peace process, worsening violence, and unveiling of plans for further U.S. troop reductions left the meeting’s potential unmet. Yet amid the unsatisfying results, some hopeful rays broke through. In particular, the size and duration of aid pledges provided at least something to build on.
Afghans Adapting to Economic Decline, Social Restrictions
Newly released household data paint a bleak picture of the ongoing human tragedy in Afghanistan and how the Afghan people are adapting as best they can to economic decline and draconian social restrictions, while perhaps benefiting from better security.