Afghanistan central bank dismisses SIGAR’s report regarding possible banking crisis
According to the report, DAB lacks the required ability to regulate commercial banks, which may result in another banking crisis similar to the near collapse of Kabul Bank.
DAB Chief Noorullah Delwari assured that that there were no signs of a new banking crisis and slammed SIGAR for not coordinating with the central bank while preparing the report.
DAB is responsible for controlling license issuance and oversight of commercial banks activities to ensure compliance with the Afghan banking rules and regulations.
Concerns from the international community regarding DAB’s capacity came in 2010 when Kabul Bank was on the verge of collapse. SIGAR then began its audit of DAB in 2010.
Supreme Foundation donates essential classroom supplies and textbooks to Educational Center in Kabul
Around 70 per cent of Afghanistan’s population is under the age of 25; education is key tool for future stability.
The new Afghan Ambassador Hazrat Omar Zakhilwal discussed economic cooperation with Pakistan’s Finance Minister Senator Ishaq Dar on Saturday. Minister
Médicins Sans Frontières (MSF) or ” Doctors Without Borders”, an international health non-governmental organization, in its recent report has reflected