US to withdraw and withhold funds from Afghanistan, blames corruption

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

U.S. Secretary of State Mike Pompeo said on Thursday the United States would return about US$100 million (£80.21 million) to the treasury for an ...

WASHINGTON: US Secretary of State Mike Pompeo said on Thursday the United States would return about US$100 million to the treasury for an energy infrastructure project in Afghanistan and would withhold a further US$60 million in planned assistance to the country due to a lack of transparency.

Pompeo said in a statement the United States would complete the infrastructure project, but would do so using an"'off-budget' mechanism," faulting Afghanistan for an"inability to transparently manage U.S. Government resources.""Due to identified Afghan Government corruption and financial mismanagement, the US Government is returning approximately US$100 million to the US Treasury that was intended for a large energy infrastructure project," he added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese officials to visit US farmland as trade talks continue, says US agriculture chiefWASHINGTON (REUTERS) - A Chinese delegation will visit American farm regions with US officials next week in an effort to build goodwill amid ongoing trade negotiations, US Agriculture Secretary Sonny Perdue told reporters on Thursday (Sept 19).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US fines Hyundai Heavy Industries US$47m over dirty diesel enginesWASHINGTON: South Korean shipbuilding and industrial firm Hyundai Heavy Industries will pay a US$47 million fine for illegally importing and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Manulife US Reit plans equity fundraising for US$198.8m California office towerSINGAPORE - Manulife US Real Estate Investment Trust (Manulife US Reit) on Thursday (Sept 19) said it intends to raise about US$142.1 million (S$195.7 million) via a private placement and preferential offering to partially fund its US$198.8 million acquisition of a Class A office building in Sacramento, California.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US V-P Pence rebuffs Solomon Islands PM after nation cuts ties with TaiwanWASHINGTON (REUTERS) - US Vice-President Mike Pence has declined to meet Solomon Islands Prime Minister Manasseh Sogavare after the nation cut ties with Taiwan in favour of China this week, a senior US administration official said on Tuesday (Sept 17).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US to confront China on Uighur issue at UN gatheringThe United States is considering how it will confront China during the annual gathering of world leaders at the United Nations next week over its ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Big banks score win as US regulator proposes easing post-crisis derivatives rulesA U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »