Afghan bank to be split in bid to protect economy
The move appeared intended in part to appease the International Monetary Fund, which has demanded reforms in Afghanistan’s banking sector before it will issue a new line of credit for the country. Without an IMF program, Afghanistan could lose international aid from some countries.
Kabul Bank still faces many problems. Some Afghan and Western officials believe it will be difficult to collect money owed by shareholders and other borrowers, because much of it has been invested in other businesses and ventures.
Like in Dubai villas and such.
And don't worry; bailouts are what AmeriKan taxpayers are for.
And none of the bank’s managers or shareholders has yet been successfully prosecuted.
Hello, Wall Street, 'eh?
Related: Making Some Afghan Withdrawals
No, not troops.
