Da Afghanistan Bank has Successfully Implemented World Bank’s Financing Projects

Kabul – 29 April 2015: H.E Khan Afzal Hadawal acting governor and the first deputy of Da Afghanistan Bank met with World Bank and Financial Sector Rapid Response Project’s delegations in his office.

In this meeting, better implementation of financial sector rapid response project which was inked in early 2011, was discussed.

The project granted a fund of USD 25.7 million to the government of Afghanistan under the financial sector rapid response project in 2011.

After World Bank delegation review in 2014, it was revealed that Da Afghanistan Bank did a better job in implementation of the project.

Da Afghanistan Bank’s Financial Sector Rapid Response Project will be implemented on Afghanistan payment system, national switch system, public credit registry, collateral registry, capacity-building of financial supervision department of Da Afghanistan Bank and Afghanistan institute of banking and finance, Core Banking System, inter-bank relation and automation of human resources.

World Bank delegation while appreciating the overall efforts of Da Afghanistan Bank towards implementation of financial sector rapid response project laid emphasize on more cooperation in this respect and agreed to support provision of video conference facility for Da Afghanistan Bank executive board offices.