Rosemary DiCarlo, the United Nations Under-Secretary-General for Political and Peacebuilding Affairs (DPPA), met Sunday with Hedayatullah Badri, acting head of Da Afghanistan Bank, where the two sides discussed the economic situation, financial and banking sector, DAB said in a statement.

In this meeting, Badri said that the sanctions imposed on Afghanistan’s banking sector by the international community has had a negative impact on Afghanistan’s financial stability and caused more losses to the people.

She said the sanctions have weakened people’s financial ability and made it difficult for Afghan banks to access international financial and banking systems.

According to her, Da Afghanistan Bank, the country’s central bank, has been able to better manage the liquidity problems of the banking sector in difficult conditions, but the existence of international sanctions makes international exchanges be done through unofficial channels, contrary to the laws, regulations and policies of DAB.

Badri stated that DAB has created a legal and regulatory framework for the development of small loans in the light of Islamic principles so that people can get small loans under easy conditions and develop their businesses.

DiCarlo, meanwhile, called the role of the banking sector in economic growth important and said that using the experiences of the countries of the world and strengthening the private sector in the development of financial services, granting small loans and Islamic financing is very important and requires joint work.