Afghan minister says bank crisis talks 'a waste of time'

By REUTERS
June 20, 2011 14:31

KABUL - Afghan finance minister Omar Zakhilwal said on Monday that negotiations with the International Monetary Fund over a bank crisis that threatens to put a multi-million dollar squeeze on the country's budget were "a waste of time".

"We are now negotiating with a partner who is not a willing partner to conclude this," Zakhilwal told a news conference in Kabul.

Tens of millions of dollars in aid payments from foreign donors have been delayed over the crisis, sparked by the failure of aid-reliant Afghanistan's biggest private lender after it issued hundreds of millions of dollars in unsecured loans to the country's political elite.


Related Content

Breaking news
May 24, 2018
Trump says U.S. military ready if North Korea's Kim acts foolishly

By REUTERS