Strengthening Afghanistan's Financial Intermediation (WB-P171886)

Countries
  • Afghanistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 31, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Afghanistan
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS May 18, 2020

Disclosed by Bank Apr 3, 2020


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Project Description

According to the bank's documents, the proposed project aims "to strengthen financial sector stability, financial safety net and access to finance for MSMEs in Afghanistan."

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Andrej Popovic, Senior Financial Sector Specialist

Borrower/Client/Recipient
Government of Islamic Republic of Afghanistan
Habib Zadran, Deputy Minister
habib.zadran@mof.gov.af

Implementing Agencies
Da Afghanistan Bank
Wahid Nosher, Acting Governor
wahid.nosher@dab.gov.af

Afghanistan Credit Guarantee Foundation (ACGF)
Bernd Leidner, Chairman of the Board
b.leidner@landt-group.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: https://www.inspectionpanel.org .