Afghan lawmakers have approved repaying the central bank for its bailout of Kabulbank, in a critical step for the release of blocked foreign aid funds.
According to the Finance Ministry, the bill provides for the repayment of up to $825 million in total over eight years, with a first installment of $51 million.
The vote in favor was nearly unanimous, with only two lawmakers voting against the bill.
Parliamentary approval of the repayment was a condition for renewal of an International Monetary Fund support program, halted since last September when reports of the Kabulbank crisis began to emerge.
Reuters
According to the Finance Ministry, the bill provides for the repayment of up to $825 million in total over eight years, with a first installment of $51 million.
The vote in favor was nearly unanimous, with only two lawmakers voting against the bill.
Parliamentary approval of the repayment was a condition for renewal of an International Monetary Fund support program, halted since last September when reports of the Kabulbank crisis began to emerge.
Reuters