Monday, June 20, 2011

Afghan minister blasts IMF on stopped $70M payment

Washington Examiner

Afghanistan's finance minister has blasted the International Monetary Fund for stopping a $70 million payment after the near collapse of nation's largest private bank.

Hazrat Omar Zakhilwal told journalists Monday that the IMF focused on minor issues and was "not a willing partner" to resolve issues surrounding the Kabul Bank crisis.

Zakhilwal says even if Afghanistan met all the requirements, the IMF would find something else to criticize the nation about.

The IMF has said that trust fund donors made the decision to stop the payment.
The Kabul Bank scandal has stalled a large chunk of donor funding to Afghanistan as allies wait until they are confident the government has fixed the financial crisis.

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