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World Bank pledges $100m grant to Afghanistan

· 2 min read · 377 views

KABUL stabilise its financial sector and support small enterprises as the country strives to spur its recovery from Covid-19.

Funded by the International Development Association, the Strengthening Afghanistan’s Financial Intermediation (SAFI) project will enhance capacity of the central bank for financial system regulation and supervision.

Capacity enhancement measures include strengthening deposit insurance, financial infrastructure and modernising DAB’s information technology.

This would strengthen the financial system stability and facilitate financial intermediation, a statement from the World Bank regarding the grant pledge said . . .

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