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Commercial banks to finance public welfare projects under new mechanism

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The Economic Deputy of the Prime Minister’s Office announced on Wednesday that a new financing mechanism has been signed between the Ministry of Finance and the central bank, Da Afghanistan Bank (DAB), paving the way for commercial banks to play a direct role in funding public welfare projects.

According to the statement, the document was developed under Article 2, Clause 5 of the Rules of Procedure of the Economic Commission. Its purpose is to provide a legal framework for mobilizing commercial banks in support of public-interest projects, while simultaneously creating opportunities for domestic investment and boosting banks’ revenues.

Under the new mechanism, the Ministry of Finance will identify and prioritize public welfare projects through consultations with relevant sectoral institutions, after which it will prepare the required financial models.

Da Afghanistan Bank, in turn, will encourage and guide commercial banks to participate in financing and implementing these initiatives.

Officials say the move is designed to ensure that critical development projects — particularly in infrastructure, healthcare, and education — can be supported through private sector involvement, easing pressure on limited state resources.

The approach also aims to provide commercial banks with sustainable investment opportunities at home, reducing dependency on foreign funding streams.

Afghanistan’s financial sector has struggled since the collapse of the former republic in 2021, when international sanctions and the freezing of central bank reserves triggered a banking crisis.

Although some stability has returned in recent years, liquidity challenges and restricted access to global markets remain key obstacles. By integrating commercial banks into public financing, the government hopes to stimulate economic activity and strengthen confidence in the country’s financial system.

The statement emphasized that the new mechanism will not only benefit public services but also build a foundation for a more resilient banking sector, capable of contributing to Afghanistan’s long-term development goals.

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Japan allocates nearly $20 million in humanitarian aid for Afghanistan

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The Embassy of Japan in Afghanistan announced on Friday that the country has allocated $19.5 million in humanitarian assistance to Afghanistan.

In a statement, the Japanese Embassy said it hopes the aid will help bring positive change to the lives of vulnerable Afghans.

According to the statement, the assistance will cover the basic humanitarian needs of vulnerable communities in Afghanistan.

The embassy added that the aid will be delivered through United Nations agencies, international organizations, and Japanese non-governmental organizations operating in Afghanistan.

Japan’s total assistance to Afghanistan since August 2021 has reached more than $549 million.

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Afghan border forces prevent illegal entry of hundreds into Iran

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Security forces at the Islam Qala border in Herat province prevented hundreds of young Afghans from illegally entering Iran.

Officials from the 207 Al-Farooq Army Corps said that around 530 people attempted over the past two days to illegally enter Iranian territory through areas of Kohsan district in Herat, but border forces detained them and transferred them back to their original areas.

Meanwhile, officials in the local administration of Herat said that due to severe cold along the illegal migration route to Iran, three Afghan migrants have lost their lives in the Kohsan district of the province, and a shepherd has also died there for the same reason.

Mohammad Yousuf Saeedi, spokesperson for the Herat governor’s office, said that some statistics and images shared on social media regarding the incident are not reliable.

According to him, further investigations are underway to determine whether any individuals have died on the other side of the border.

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US pauses green card lottery program after Brown University shooting

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President Donald Trump suspended the green card lottery program on Thursday that allowed the suspect in the Brown University and MIT shootings to come to the United States.

Homeland Security Secretary Kristi Noem said in a post on the social platform X that, at Trump’s direction, she is ordering the United States Citizenship and Immigration Services to pause the program, the Associated Press reported.

“This heinous individual should never have been allowed in our country,” she said of the suspect, Portuguese national Claudio Neves Valente.

Neves Valente, 48, is suspected in the shootings at Brown University that killed two students and wounded nine others, and the killing of an MIT professor. He was found dead Thursday evening from a self-inflicted gunshot wound, officials said.

Neves Valente had studied at Brown on a student visa beginning in 2000, according to an affidavit from a Providence police detective. In 2017, he was issued a diversity immigrant visa and months later obtained legal permanent residence status, according to the affidavit. It was not immediately clear where he was between taking a leave of absence from the school in 2001 and getting the visa in 2017.

The diversity visa program makes up to 50,000 green cards available each year by lottery to people from countries that are little represented in the U.S., many of them in Africa. The lottery was created by Congress, and the move is almost certain to invite legal challenges.

Nearly 20 million people applied for the 2025 visa lottery, with more than 131,000 selected when including spouses with the winners. After winning, they must undergo vetting to win admission to the United States. Portuguese citizens won only 38 slots.

Lottery winners are invited to apply for a green card. They are interviewed at consulates and subject to the same requirements and vetting as other green-card applicants.

Trump has long opposed the diversity visa lottery. Noem’s announcement is the latest example of using tragedy to advance immigration policy goals. After an Afghan man was identified as the gunman in a fatal attack on National Guard members in November, Trump’s administration imposed sweeping rules against immigration from Afghanistan and other counties.

While pursuing mass deportation, Trump has sought to limit or eliminate avenues to legal immigration. He has not been deterred if they are enshrined in law, like the diversity visa lottery, or the Constitution, as with a right to citizenship for anyone born on U.S. soil. The Supreme Court recently agreed to hear his challenge to birthright citizenship.

 

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