Bilateral MoU between DAB and Operation and Support Office of the President for National Development

July 24, 2021 – Pursuant to clause 2, Article 14 of the Constitution, decree of the President of the country, and the recent approaches of the Islamic Republic of Afghanistan for sustainable economic growth and facilitation of terms and conditions of banks for granting loans to the housing sector of the country, today Da Afghanistan Bank signed a bilateral MoU with the Operation and Support Office of the President for National Development.

At the outset of this online meeting, Mr. Ajaml Ahmady, the acting Governor of Da Afghanistan Bank said that this MoU was aimed at providing loan facilities by the private banks to the housing companies and citizens. Mr. Ahmady said that efforts shall be made to direct the banking sector towards playing its effective role in economic growth of the country.

Mr. Ajmal Ahmady added that as the central bank of the country, by designing and developing effective procedures, Da Afghanistan Bank  persuades the banking sector to invest in public welfare projects that not only keep the banking sector active but our countrymen also benefite, whether directly or indirectly, by the provided facilities.

Subsequently, Mr. Ahmad Wafi Amin, Director of the Operation and Support Office of the President for National Development appreciated the efforts of Mr. Ahmady in facilitating the terms and conditions of granting loans to different economic sectors of the country, especially housing loan to our countrymen and said that paving the path for the growth of public welfare projects by the banks can play a prominent role in economic growth and prosperity leading the self sufficiency of Afghanistan.