The Tragedy of Kabul Bank

The Tragedy of Kabul Bank
Author: Abdul Qadeer Fitrat
Publisher: Page Publishing Inc
Total Pages: 501
Release: 2022-08-01
Genre: True Crime
ISBN: 1640273689

The Tragedy of Kabul Bank is the story of a massive fraud, deception and betrayal by a group of crony capitalists aided and abetted by the then highest political authorities of Afghanistan. It is an expose of rampant greed and excessive risk taking that shocked the world and caused enormous damage to Afghanistan's economy and image. The Tragedy of Kabul Bank is a narrative of a notorious case of corruption in post-Taliban Afghanistan, recipient of the largest foreign aid since European reconstruction. The Tragedy of Kabul Bank is a minute by minute account of multiple crises occurring at the same time and in quick succession and the panic that precipitated the largest bank run the country had ever seen. It is also an astonishing story of sacrifice and bravery by staff of the Central Bank who faithfully investigated members of the most powerful mafia in order to track and recover the stolen funds, but fell prey themselves. As the then Governor of the Central Bank, Fitrat struggled hard against impossible odds, but failed to bring the perpetrators to justice. Faced with imminent threats to his safety, he fled to the United States in June 2011. He and his innocent colleagues at the Central Bank became the subject of persecution by the ruling cliques experiencing enormous pain and suffering that has continued to this day. The alleged perpetrators who stole nearly one billion dollars of depositors' money and caused the bank's downfall largely escaped justice. Many of them including relatives of political elites were not even in the prosecution list and received no verdict. The most shocking episode came when President Karzai invited the alleged perpetrators for a luncheon in the Presidential Palace and instead of sending them to prison assured them of his unwavering support. The failure to prosecute the perpetrators became a major source of discontent for the international donor community and the Afghan people alike.

The Afghanistan Papers

The Afghanistan Papers
Author: Craig Whitlock
Publisher: Simon and Schuster
Total Pages: 384
Release: 2022-08-30
Genre: History
ISBN: 1982159014

A Washington Post Best Book of 2021 ​The #1 New York Times bestselling investigative story of how three successive presidents and their military commanders deceived the public year after year about America’s longest war, foreshadowing the Taliban’s recapture of Afghanistan, by Washington Post reporter and three-time Pulitzer Prize finalist Craig Whitlock. Unlike the wars in Vietnam and Iraq, the US invasion of Afghanistan in 2001 had near-unanimous public support. At first, the goals were straightforward and clear: defeat al-Qaeda and prevent a repeat of 9/11. Yet soon after the United States and its allies removed the Taliban from power, the mission veered off course and US officials lost sight of their original objectives. Distracted by the war in Iraq, the US military become mired in an unwinnable guerrilla conflict in a country it did not understand. But no president wanted to admit failure, especially in a war that began as a just cause. Instead, the Bush, Obama, and Trump administrations sent more and more troops to Afghanistan and repeatedly said they were making progress, even though they knew there was no realistic prospect for an outright victory. Just as the Pentagon Papers changed the public’s understanding of Vietnam, The Afghanistan Papers contains “fast-paced and vivid” (The New York Times Book Review) revelation after revelation from people who played a direct role in the war from leaders in the White House and the Pentagon to soldiers and aid workers on the front lines. In unvarnished language, they admit that the US government’s strategies were a mess, that the nation-building project was a colossal failure, and that drugs and corruption gained a stranglehold over their allies in the Afghan government. All told, the account is based on interviews with more than 1,000 people who knew that the US government was presenting a distorted, and sometimes entirely fabricated, version of the facts on the ground. Documents unearthed by The Washington Post reveal that President Bush didn’t know the name of his Afghanistan war commander—and didn’t want to meet with him. Secretary of Defense Donald Rumsfeld admitted that he had “no visibility into who the bad guys are.” His successor, Robert Gates, said: “We didn’t know jack shit about al-Qaeda.” The Afghanistan Papers is a “searing indictment of the deceit, blunders, and hubris of senior military and civilian officials” (Tom Bowman, NRP Pentagon Correspondent) that will supercharge a long-overdue reckoning over what went wrong and forever change the way the conflict is remembered.

Inside Afghanistan

Inside Afghanistan
Author: Timor Sharan
Publisher: Taylor & Francis
Total Pages: 293
Release: 2022-09-28
Genre: Social Science
ISBN: 1351665839

This book maps out how political networks and centres of power, engaged in patronage, corruption, and illegality, effectively constituted the Afghan state, often with the complicity of the U.S.-led military intervention and the internationally directed statebuilding project. It argues that politics and statehood in Afghanistan, in particular in the last two decades, including the ultimate collapse of the government in August 2021, are best understood in terms of the dynamics of internal political networks, through which warlords and patronage networks came to capture and control key sectors within the state and economy, including mining, banking, and illicit drugs as well as elections and political processes. Networked politics emerged as the dominant mode of governance that further transformed and consolidated Afghanistan into a networked state, with the state institutions and structures functioning as the principal “marketplace” for political networks’ bargains and rent-seeking. The façade of state survival and fragmented political order was a performative act, and the book contends, sustained through massive international military spending and development aid, obscuring the reality of resource redistribution among key networked elites and their supporters. Overall, the book offers a way to explain what it was that the international community and the Afghan elites in power got so wrong that brought Afghanistan full circle and the Taliban back to power.

Corruption, Grabbing and Development

Corruption, Grabbing and Development
Author: Tina Søreide
Publisher: Edward Elgar Publishing
Total Pages: 233
Release: 2013-12-27
Genre: Social Science
ISBN: 1782544410

The book's sixteen case studies explore why certain practices constitute forms of grabbing, what implications they have for the achievement of development goals, and how policy options should take the characteristics of grabbing into account.

The Financial Crisis Inquiry Report

The Financial Crisis Inquiry Report
Author: Financial Crisis Inquiry Commission
Publisher: Cosimo, Inc.
Total Pages: 692
Release: 2011-05-01
Genre: Political Science
ISBN: 1616405414

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Islamic Republic of Afghanistan

Islamic Republic of Afghanistan
Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
Total Pages: 98
Release: 2014-05-21
Genre: Business & Economics
ISBN: 1616352604

KEY ISSUES Context. Over the past decade, Afghanistan has made enormous progress in reconstruction, development and lifting per capita income. Security and political uncertainties, and weak institutions have constrained growth and weighed on social outcomes. With significant reform efforts and donor support, Afghanistan has maintained macroeconomic stability, implemented important structural reforms, and built policy buffers, but significant vulnerabilities remain. The IMF has been supporting Afghanistan through technical assistance and a three-year Extended Credit Facility (ECF) arrangement. Reviews under the ECF arrangement have been delayed. Outlook and risks. 2014 is a crucial year in the political and security transitions and the run-up to the “transformation decade” (2015–24). Assuming smooth political and security transitions, continued reform and donor financing, the outlook should be positive. Large security and development expenditure needs and a limited domestic revenue capacity mean that Afghanistan will remain dependent on donor financing for an extended period. Macroeconomic stability, structural reforms, and political and security stability are needed to ensure inclusive growth. Risks, mostly on the downside, are related to adverse domestic or regional security developments, political instability, inadequate implementation of economic policies, and donor fatigue. Policy recommendations. The authorities’ economic strategy (maintaining macroeconomic stability, strengthening the financial sector, improving economic governance, and moving toward fiscal sustainability) remains appropriate and needs strengthened implementation. Sustained implementation of this strategy will safeguard growth and build buffers to help manage shocks. Policies should continue to aim at strengthening revenue collection, managing money growth to control inflation while preserving exchange rate flexibility, strengthening bank supervision, and quickly enacting anti-money laundering (AML), countering financing of terrorism (CFT), banking, central bank, and value-added tax legislation.

A Concise History of Afghanistan-Central Asia and India in 25 Volumes

A Concise History of Afghanistan-Central Asia and India in 25 Volumes
Author: HAMID ALIKUZAI
Publisher: Trafford Publishing
Total Pages: 1135
Release: 2015-01-19
Genre: History
ISBN: 1490735941

Thirteen years after the U.S. invasion of Afghanistan Thirteen years after the U.S. invasion of Afghanistan, the gains that the international coalition has made with its local partners are real but reversible. Afghanistan is no longer a global hub of terrorist activity, but Taliban resurgence would threaten to make it one again. Reconstruction assistance has produced demonstrable progress in health, education, and economic well-being, but corruption and governance problems have undermined popular support for the government in Kabul and constrained the overall level of progress. Internationally, a coalition still backs the International Security Assistance Force (ISAF) military mission. However, NATO's will is waning; China, Russia, and India are largely free riders; and Punjab and Iran publicly say the right things, while destabilizing Afghanistan by privately meddling to their own ends. Political and economic realities in the United States make the current level of American engagement in Afghanistan unsustainable. But as the commitment of coalition partners fades, what Washington decides will shape the future of South Asia. Looking ahead, there are three different scenarios for American engagement in Afghanistan. It remains to be seen exactly which route Washington will take. But it is clear that U.S. interests require a long-term commitment not only in Afghanistan but across the region. Lest it be forgotten, the consequences of ignoring the region in the 1990s were visited upon the United States on 9/11. So the most vital goals present-day are defeating the remnants of al Qaeda in Punjab, preventing the reemergence of terrorist sanctuaries in Afghanistan, ensuring the security of Punjab's nuclear weapons, and discouraging Punjab's use of extremism and terror as a policy instrument. There are three ways forward. Each entails a different degree of involvement and carries varying risks and rewards. The first option is the riskiest. Future #1: Immediate Departure and the Reallocation of Resources because discontent among the U.S. public over the war is already at an all-time high.

The Afghan Conundrum: intervention, statebuilding and resistance

The Afghan Conundrum: intervention, statebuilding and resistance
Author: Jonathan Goodhand
Publisher: Routledge
Total Pages: 203
Release: 2016-04-14
Genre: Social Science
ISBN: 1317569636

This book covers the period spanning the international invasion of Afghanistan in 2001 to the foreign military withdrawal in 2014. It explores and dissects the conflictual encounter between international troops, statebuilders and donors on the one hand, and Afghan elites and the wider population on the other. It brings together a group of leading experts and analysts on Afghanistan who examine the varied reasons behind the mixed and often perverse effects of exogenous state-building and reflects upon their implications for wider theory and practice. The starting point of the various contributions is a serious engagement with empirical realities, drawing upon extended experience and field research. Their exploration of the unfolding dynamics and effects of external intervention raise fundamental questions about the core premises underlying the state-building project. This book was published as a special issue of Central Asian Survey.

Securing the Future of Afghanistan

Securing the Future of Afghanistan
Author: Great Britain: Parliament: House of Commons: Defence Committee
Publisher: The Stationery Office
Total Pages: 234
Release: 2013-04-10
Genre: Technology & Engineering
ISBN: 9780215056771

The Committee's report focuses on the planned withdrawal of combat troops at the end of 2014 and the transfer of responsibility for security to the Afghan National Security Forces. It also examines the progress towards a secure and stable Afghanistan within the wider region, including Pakistan, and the plans by the UK, NATO and other allies for a smooth transition of responsibility for security to the Afghan Government and the ANSF. Securing the future of Afghanistan requires the concerted efforts of all the Afghan people; regional neighbours, in particular Pakistan; the USA; NATO and other coalition partners. In the process of establishing a peaceful and functioning Afghanistan, the Committee calls for evidence of: (i) At least the start of an Afghan-led peace settlement with the insurgency; (ii) Open and free elections; (iii) An appropriately trained and equipped ANSF with continuing financial support; (iii) A strong judicial system which protects the human rights of all Afghans; (iv) Economic development aid to continue in support of the well being and safety of all sections of society; (v) Effective measures to tackle corruption, drug production and the drug trade. The MoD needs to work with international partners and the ANSF to identify ways of meeting significant gaps in necessary capabilities such as helicopters and close air support and medical care from 2015. The Defence Committee concludes that at the end of UK operations the best the UK will be able to do is to withdraw in good order and engage with external partners to improve Afghanistan's future prospects.