- 19 Jun 2012
India and Russia boost IMF crisis firewall - 05 Jun 2012
US wants ‘more active’ India in Afghanistan
- RSS
- Today's Paper
- Subscribe
- beta 2.1
Alerts
IMF approves $18.2 million for Afghanistan
Disbursement approved after the first performance review of its new loan programme.
The IMF has demanded that some of the assets of Kabul bank be recovered. PHOTO: FILE
WASHINGTON: The International Monetary Fund on Friday approved $18.2 million disbursement to Afghanistan following the first performance review of its new loan program.
The IMF suspended the Afghan program in 2010 after reports of corruption, bad loans and mismanagement at Kabulbank, forcing the central bank to rake over the major lender. A new loan program was renegotiated in November 2011 when the Fund re-engaged with the Afghan government.
The IMF has demanded that some of the assets of Kabul bank be recovered.
Reader Comments (1)
World Latest Stories
Obama pledges all necessary help for storm-hit Oklahoma
Death toll reaches 24 as emergency workers continue to sift through debris.
Ahmadinejad says will challenge ally's ban from Iran election
Iran's electoral watchdog disqualified Ahmadinejad's former chief of staff, moderate ex-president from running in...
Bangladesh volunteers haunted by rescue trauma
Mohammed Badal, who pulled 18 of his fellow textile workers from the ruins, also struggles to sleep.
Australia set to cull 10,000 wild horses
Central Land Council says animals were dying in thousands due to a lack of food and water and a cull was necessary.
Indian woman is first female amputee to climb Everest
Arunima Sinha reached the peak on Tuesday morning after a slow climb from Everest Base Camp.
Enter the dragon: A slew of pacts awaits China’s premier
Li Keqiang’s two-day visit includes a meeting with Nawaz Sharif.
With wary eye on the US, China courts India
China's overtures, which come amid worries in Beijing that it is being encircled by the United States and its allies.
Accidental find shows Vitamin C kills tuberculosis
In 2011, 8.7 million people fell ill with TB and 1.4 million died, says WHO.
Fatima Group determined to invest in the United States, with or without incentives
Sole CAN producer believes venture worth $1.75 billion still profitable despite issues with US subsidy package.
Iran's Rafsanjani barred from standing for president
No explanation was given for the disqualifications.
Recent Slideshows
More in World
UN publishes report on Iran arms trade with Syria
This material may not be published, broadcast, rewritten, redistributed or derived from.
Unless otherwise stated, all content is copyrighted © 2013 The Express Tribune News Network.
Technical feedback? [email protected]
we also want aid. IMF should stop this terrorism by not giving aid.
Recommend