Sunday, October 10, 2010

More Problems with Kabul Bank

It appears that the Kabul Bank is still the source of difficulties in the U.S. and Afghan government relationship.  The U.S. (and others) want to conduct an audit of the Kabul Bank in order to move forward in getting it back on track toward it becoming a bank and source of stability - instead of a honeypot for Karzai and his cronies to dip into for foreign investments, financing Karzai's re-election, and plush homes.  Unfortunately, Karzai does not want an audit that is handled by foreign governments - he wants Afghan control over the audit (and no doubt its findings).  Read more in "U.S. and Afghans at odds over Kabul Bank reform", The Washington Post, October 7, 2010.

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