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Afghan bank crisis clouds future European aid-EU | Reuters.

Corruption, bad loans and mismanagement have cost Kabulbank hundreds of millions of dollars and the government’s inability to come up with a serious solution has caused growing concern among Afghanistan’s international partners.

In many cases and to varying degrees, aid from donor countries and agencies is mandated on an IMF programme being in place. Donors (including the United States) contribute about 70 percent of the Afghan state operating budget, itself dwarfed by billions more in direct aid.

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