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April to June 2024 Article ID: NSS8607 Impact Factor:8.05 Cite Score:13044 Download: 160 DOI: https://doi.org/ View PDf
The Role of G20 in Supporting Afghanistan’s Economic Development And Reconstruction
Anil Malviya
Research Scholar, School of Studies in Political Science and Public Administration, Vikram University, Ujjain (M.P.)
Abstract : G20 is the premier forum for
international economic cooperation, collectively accounting for 85% of the
global GDP. The major contributor of developmental assistance aid to developing
countries in G20 is the USA, Germany, European Union (EU), the United Kingdom
(UK) and Japan. As of now, Afghanistan’s economy is on the brink of collapse
and is in dire need of developmental assistance to rebuild the economy and
improve the livelihood of its citizen. Its GDP slumps from 20.56 billion (US$)
in 2013 to 14.79 billion (US$) in 2021.G20 has the potential to play a crucial
role in facilitating and coordinating efforts for Afghanistan’s economic
recovery, if the member countries come forward as they have resources and
expertise, will become key stakeholders in Afghanistan’s reconstruction
process. The G20 can provide support for capacity development in critical
sectors such as energy, infrastructure, human capital, etc., establishing the
foundation for sustainable economic growth.The G20’s commitment to sustainable development
and inclusive growth aligns with the long-term goals of Afghanistan. By
focusing on job creation, poverty reduction, education, and human rights, the
G20 can actively assist Afghanistan in building a resilient and inclusive
economy. The paper concludes by stating that G20 has the potential to assist
the struggling Afghanistan in overcoming the economic crisis and effects of US
withdrawal in 2021 and to accept diverse perspectives and opinions regarding
the ongoing matter of concern.