The Great Afghan Bank Heist

The troubles at Kabul Bank stand as a parable for the sometimes malign effect that the influx of billions of foreign dollars has had on this impoverished country since 2001. While the Western money spent has done a great deal to create a modern economy, much of it has been captured by a tiny minority of well-connected Afghan businessmen and politicians, and much of it illegitimately. The loss of seven hundred million dollars or more at Kabul Bank represents a significant percentage of Afghanistan’s gross domestic product, which stands at only about twelve billion dollars.

Source: The New Yorker
Published: Jan 31, 2011
Length: 25 minutes (6,370 words)
Read the story