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

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.

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