This project is an additional funding to Financial Sector Rapid Response Project. The objective of this new project is to assist Da Afghanistan Bank (DAB) (Central Bank of Afghanistan) to develop action plans for improved banking supervision and to establish key building blocks of financial sector infrastructure: payment system, movable collateral registry, and public credit registry. The project has three (3) components; 1) Strengthening of DAB - Provide technical assistance to DAB to upgrade the internal audit functions and implement International Financial Reporting Standards (IFRS); 2) Development of the financial sector infrastructure - Support the development of financial sector infrastructure, including the improvement of internal Information and Communication Technology (ICT) systems of DAB to achieve full automation of core functions, improve operational reliability and enhance operational efficiencies; 3) Technical assistance and training for project implementation - Roll-out a comprehensive skills development program for technical and operational DAB staff, in addition to building capacity of relevant departments to facilitate the implementation of the project activities.
Name: Islamic Republic of Afghanistan
Title: Head of Aid Management Directorate
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