Afghan parliament clears major hurdle to IMF aid
http://dervishcom.blogspot.com/2011/10/afghan-parliament-clears-major-hurdle.html
KANDAHAR — The Afghan parliament on Saturday agreed to pay back the government for bailing out Kabul Bank last year, a move that could pave the way for a new line of credit for the country from the International Monetary Fund, according to Afghan and Western officials.
The vote in the lower house of parliament approved a supplementary budget intended to begin recapitalizing the country's central bank for the $825 million it spent to prevent the collapse of Kabul Bank last year, after revelations that Kabul Bank's leadership funneled hundreds of millions of dollars to its own shareholders and Afghan officials.
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Source: http://feeds.washingtonpost.com/click.phdo?i=58f50ab4c5e2017d000424053451fbfd
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