Amid the ongoing global financial turmoil, International Finance Corporation (IFC), a member of the World Bank Group, in association with Da Afghanistan Bank (the Central Bank of Afghanistan), has conducted a meeting on risk management in financial markets for senior bankers and government officials in Afghanistan – reported Microfinancefocus.
During the conference, participants eloborately discussed about risk management, Islamic shari’ah environment, SME banking against the backdrop of global financial crisis, challenges and opportunities in housing finance, and how to provide finance to the underprivileged through microfinance products.
Abdul Qadeer Fitrat, Governor of Da Afghanistan Bank, said: The conference has indeed proved to be the starting point for sharing experiences between the IFC and Afghanistan’s emerging financial sector.
IFC, through its advisory services, is complementing investments in the region by encouraging financial firms to step up lending to SME’s. It is also advising central bank to establish credit and collateral registries and impart business skills to local entrepreneurs, reported the newspaper.
