Now more than ever, there is an opportunity to support people in general through funding small sectors and providing employment opportunities.

Thanks to the security situation in the country, there is transparency and people comply with their financial obligations on time without violating anyone’s rights, Baradar stated at the National Conference on Microfinance Opportunities and Challenges held at the Central Bank of the United Arab Emirates (UAE).

Senior officials from the Islamic Emirate, United Nations representatives, the European Union (EU), the World Bank, ambassadors, and several investors and entrepreneurs attended the event, which was organized by the Central Bank of Afghanistan.

Noor Ahmad Agha, acting governor of Da Afghanistan Bank (DAB), acknowledged that “microfinance is an effective tool for improving financial inclusion and can mark a significant contribution to the country’s social and economic stability.”

Acting Foreign Minister Amir Khan Muttaqi, in turn, stated that Afghanistan’s economy has been artificial during the last 20 years and the Islamic Emirate is now working to address economic challenges by launching infrastructure projects.

During the meeting, two licenses were issued to institutions that finance businesses, and eight others were granted to companies that provide small loans to individuals.

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