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Afghanistan on the brink of a financial crisis

Ministry of Finance (MoF) officials announced Tuesday that the government is in need of USD 537mn as the government is virtually broke due to the prolonged elections impasse. Director General of the Treasury at the MoF, Alhaj Mohammad Aqa, told

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Millions of dollars smuggled out of the Kabul Bank to foreign countries

The Independent Joint Anti-Corruption Monitoring and Evaluation Committee released on Wednesday an 87-page report on the embezzlement at the Kabul Bank, Afghanistan’s first private bank. The Committee’s Chairman, Drago Kos, said USD 5bn was illegally transferred abroad. Also on Wednesday,

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No major financial crisis in Afghanistan post 2014- Minister Zakhilwal

Speaking at the House of Representatives on Tuesday, Finance Minister Hazrat Omar Zakhilwal assured the legislators that Afghanistan will not face a major financial crisis after 2014, when many of the foreign troops withdraw from the country. There have been

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