BREAKING NEWS

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.

IDF attacks Hamas targets in central Gaza

By JERUSALEM POST STAFF

05/09/2024 02:01 AM

Unmanned aerial vehicle activity sighted southeast of Yemen's Aden

By REUTERS

05/09/2024 01:06 AM

Hamas sticks to its approval of truce proposal- Hamas senior official

By REUTERS

05/09/2024 12:28 AM

UK police arrest three men in counter-terrorism investigation

By REUTERS

05/08/2024 11:29 PM