Tag Archives: Kabul Bank and Corruption

The International Monetary Fund is worried about Afghanistan‘s economy .  The under-reported, though devastating charges of fraud and malfeasance that surround the September 2010 run on Kabul Bank threaten to bring down the nascent Afghan banking sector.  However, the fiasco has also had wide-ranging political effects in Afghanistan and within U.S. and NATO diplomatic circles—even if […]

Politics turns on public finance; public finance turns on politics.  Afghanistan is no different than the United States, or the United Kingdom on those terms. So it comes as a dismaying shock that the government of Afghanistan might have to bail out its largest and most important private bank. Kabul Bank has taken losses as […]