English | دری

Kabul Bank Resolution Needed to Keep People’s Trust in the Bank Alive

in Afghan Business

Kabul Bank Resolution Needed to Keep People’s Trust in the Bank Alive

The Afghan Coalition for Transparency and Accountability (ACTA) said that the Kabul Bank case should be handled seriously and recommended that the case should be handed over to a global entity to study and assess for an independent review of the situation.

“If the bank issue is not pursued in a strict manner, the trust of people towards the bank system will die,” said ACTA in an open letter to the Central Bank president.

According to ACTA member Shinkai Karokhail, an investigation should also look at other private banks in the country to check for mistakes that can be corrected.

ACTA wants serious actions to be taken otherwise it may lead to international community’s financial assistance depleting and consequently decreasing the country’s development budget.

“We believe that if there is no serious steps towards a solutions, there is possibility of a decrease in the international community’s efforts towards assisting Afghanistan,” ACTA member Hamed Sarwary said Thursday.

The accountability watchdog wants the results of the investigations to be provided to the common people as well, as part of transparency approach.

Meanwhile, ACTA also want to run an investigation into the embezzlement of the Law and Order Trust Fund, which is managed by the UN.

Related Articles

Afghan, Tajik trade turnover 59.6% lower than last year

Tajikistan’s Minister of Economic Development and Trade Sharif Rahimzoda and Afghanistan’s Minister of Commerce Mohammad Shakir Kargar exchanged perspectives on

IMF calls on international community to rise to returning refugees challenge in Afghanistan

The International Monetary Fund (IMF) called on the international community to assist Afghanistan with the financial burden caused by the

Afghanistan Added to EU’s Dirty-Money Blacklist

Afghanistan is among the European Commission’s blacklist of nations that are considered a threat because of poor money laundering controls.

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*