International Finance Corporation –IFC in Afghanistan

Our Strategy

IFC's strategy in Afghanistan focuses on improving the country's infrastructure, increasing access to finance, promoting financial sector development, and supporting private sector development through investment and advisory services programs.

Investments

In fiscal year 2012, IFC committed $4 million in the country all in the financial markets sector. Our current investment portfolio stands at $81 million. IFC's commitments are designed to help improve the country’s telecommunications, healthcare and financial sectors. They included:

  • A $65 million loan and $10 million in equity to MTN, the country's second largest mobile telephone operator, to support the expansion of its network and meet the country’s growing demand for affordable mobile phone services.
  • A commitment of $4.5 million in Afghanistan’s ACOMET Family Hospital to expand access to high-quality health care and medical training in Kabul, enabling ACOMET to acquire medical equipment and become fully operational.
  • A commitment of almost $1.5 million in trade finance to Afghanistan International Bank (AIB), one of the country’s leading private commercial banks, under IFC’s Global Trade Finance Program. IFC also has similar partnerships with the Afghan branches of Pakistan’s Habib Bank and Bank Alfalah.

Advisory Services

IFC Advisory Services is helping strengthen Afghanistan's financial sector through capacity building of various financial institutions, assisting the government to establish regulatory frameworks for leasing, advising the central bank to establish credit and collateral registries, and supporting the creation of an improved investment climate. We are:

  • Working on a licensing reform project to support the government to create a transparent, comprehensive, and interconnected licensing system in Afghanistan. This will initially reform the licenses at the Ministry of Commerce and Industry and then progressively move on to reforming other licensing authorities.
  • Assisting in the development of Afghanistan's leasing sector by raising awareness and advising on the creation of leasing legislation.
  • Helping Afghanistan’s central bank establish a credit registry that will collect, manage, and disseminate credit information. We are also supporting the creation of a collateral registry in order to increase access to credit to the Afghan private sector by strengthening lenders' rights in movable assets.
  • Launching Business Edge, IFC’s management training product, through reliable local trainers in the local language. This included introducing new, simple, and affordable production and post-harvest practices for Afghan farmers. In one project, 10 farmers were supported in building new grape-drying houses, leading to a doubling of productivity.

List of all training partners of IFC

http://www.businessedgeworld.com/be/en/content/en/54282/Accredited-Training-Providers