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G20 leaders pledge to avert economic crisis in Afghanistan

The BBC reported that members of the G20 group of major economies have pledged to avert an economic catastrophe in Afghanistan.
It said, German Chancellor Angela Merkel said the country should not be allowed to "descend into chaos".
According to the BBC, 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.
The BBC mentioned that 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.

She told reporters: "None of us has anything to gain if the entire monetary system in Afghanistan collapses or the financial system collapses."
"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."
Read more: G20 leaders to discuss humanitarian and security situation in Afghanistan
The chancellor said the Taliban must grant access to all UN bodies delivering aid, and stressed the need for the rights and girls and women to be respected.
Mrs Merkel's words were echoed by Italian Prime Minister Mario Draghi, who was hosting the virtual summit.
He said G20 countries had to have contact with the Taliban but that did not mean recognition of the Islamist group's government.
The BBC said, not all G20 leaders were present - Chinese President Xi Jinping and Russian President Vladimir Putin sent representatives - but Mr Draghi said all participants had agreed on the need to provide more aid.
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The leaders also discussed ways to prevent Afghanistan becoming a haven for militants such as al-Qaeda and the Islamic State group, and the need to provide safe passage for foreign nationals and Afghans hoping to leave Afghanistan.
The summit came as Western and Afghan officials met in Qatar to discuss aid, terrorism concerns and evacuation of foreigners.
These were the first direct talks between the two sides since US troops left Afghanistan and the Taliban took power in August.
Source: BBC
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BENEFIT Sponsors Gulf Uni...
- April 17, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its sponsorship of the “Innovation and Sustainable Technology Solutions Competition (GU - IST Solutions), hosted by Gulf University at its main campus.
This strategic sponsorship reflects BENEFIT’s active role in advancing technological innovation and fostering sustainable solutions to future challenges. It also seeks to empower Bahraini youth by enhancing their skills, capabilities, and competitiveness in innovation and solution development—contributing meaningfully to the broader goals of sustainable development across all sectors.
As part of BENEFIT’s active involvement in the competition, the company has announced that Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication, will serve on the competition’s supervisory committee. Her upcoming participation reflects BENEFIT’s forward-looking commitment to championing academic and professional excellence.
Commenting on the occasion, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at BENEFIT, said, “We are privileged to support this pioneering initiative, which aligns seamlessly with BENEFIT’s enduring commitment to fostering innovation and nurturing the potential of Bahrain’s youth. Our participation is rooted in a deep sense of social responsibility and a firm belief in the pivotal role of innovation in shaping a sustainable future. Through such platforms, we seek to empower the next generation with the knowledge, skills, and foresight required to develop impactful solutions that address future challenges, in line with the United Nations Sustainable Development Goals 2030.”
Dr. Aseel Al Ayash Dean of the College of Engineering in Gulf University commented, “We extend our sincere gratitude to BENEFIT for their generous sponsorship and support of the Innovation and Sustainable Technology Solutions Competition. This contribution plays an instrumental role in helping us achieve the strategic goals of this initiative, namely, cultivating a culture of innovation and sustainability, encouraging efforts that address the imperatives of sustainable development, and enhancing the practical and professional capabilities of our students and participants.”
The event will bring together a diverse spectrum of participants, including secondary school students, university undergraduates, engineers, industry professionals, entrepreneurs, academic researchers, and subject matter experts representing a wide range of disciplines.
The competition seeks to inspire participants to develop and present innovative, sustainable technologies aimed at addressing pressing environmental, social, and economic challenges. It encourages the formulation of business models that integrate advanced technological solutions with core principles of sustainability. Moreover, it serves as a platform for emerging leaders, entrepreneurs, and innovators to contribute to the advancement of the Sustainable Development Goals, promote the ethos of responsible technology, and demonstrate its transformative potential across various sectors.
Attendees will have the opportunity to view a series of project presentations submitted by participants, covering diverse areas such as eco-friendly product design, smart and sustainable innovations, renewable energy technologies, water conservation and management, waste minimisation and recycling, green architectural solutions, and sustainable transportation systems. Outstanding projects will be formally recognised and awarded at the conclusion of the event.
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