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World Bank pledges $1.2mn to support Afghan micro-business

in Afghan Business

World Bank pledges $1.2mn to support Afghan micro-business

The World Bank (WB) has pledged to donate USD 1.2mn to support Afghan micro-business with cooperation from Afghanistan’s Ministry of Labor, Social Affairs, Martyrs and Disabled.

The program, aimed at expanding Afghan labor markets, involves supporting 2,500 entrepreneurs in three provinces, paying USD 500 to each.

Deputy Labor Minister Ahmad Shah Salehi said the program would provide financial and technical cooperation to the entrepreneurs and added that it would be tentatively conducted in Kabul, Balkh and Nangarhar provinces.

The program has already kicked off in Kabul with 262 entrepreneurs.

According to Salehi, the World Bank received proposals with work plans from 1,500 entrepreneurs from Kabul province and 524 eligible entrepreneurs were selected to be listed in the program.

At least 30% of the candidates are women, said Salehi.

He stressed that the program would be implemented in 34 provinces, if the results were successful.

He also announced that the Ministry of Labor plans to conduct survey of the Afghan labor market and the results would be released in three months.

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