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PRESS RELEASE September 4, 2019

Afghanistan Launches Its National Financial Inclusion Strategy

Kabul, 04 September 2019 – Da Afghanistan Bank (Afghanistan's Central Bank) and the World Bank today launched the Afghanistan National Financial Inclusion Strategy and announced the conclusion of the National Risk Assessment for Money Laundering and Terrorism Financing.  The Da Afghanistan Bank Acting Governor Wahid Nosher and World Bank Acting Country Director Homa-Zahra Fotouhi attended the launch.

In the last 18 months, Da Afghanistan Bank led the National Financial Inclusion Strategy, which aims to increase access to finance in critical areas of the Afghan economy and promote formal financial services for households and the private sector, including digital payments and services.

“The National Financial Inclusion Strategy is a live document that reflects Afghanistan’s priorities and will benefit all Afghans ” aid Da Afghanistan Bank Acting Governor Wahid Nosher.  “.”  

The World Bank supported both the strategy and the National Risk Assessment for Money Laundering and Terrorist Financing. This support complements existing work with Afghanistan authorities to improve financial stability and access to finance for micro, small, and medium enterprises, and strengthen national payments infrastructure as well as Fintech and digital payments.  

Achieving an inclusive and sound financial system where all Afghan citizens and businesses have access to finance is key to boosting economic growth and reducing poverty across Afghanistan,” said World Bank Acting Country Director for Afghanistan Homa-Zahra Fotouhi.”

The National Risk Assessment for Money Laundering and Terrorist Financing is conducted based on recommendations from the International Monetary Fund (IMF) and the Financial Action Task Force and will support Afghanistan’s efforts to mitigate risks of diversion of financial resources from money laundering and terrorist financing.


PRESS RELEASE NO: SAR/2019

Contacts

Washington DC
Elena Karaban
ekaraban@worldbank.org
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