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World Bank allocates $16 million to support women-led businesses in Afghanistan

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The World Bank has declared that it has allocated $16 million to support small businesses in Afghanistan, focusing on women-owned enterprises and businesses led by them.

The World Bank stated Wednesday through a press release that this assistance will be directly disbursed to the Afghanistan Reconstruction Trust Fund (ARTF) via the Aga Khan Foundation in the USA.

Melinda Good, World Bank country director for Afghanistan, emphasized that “supporting small financial providers in Afghanistan is one of the few actionable options currently available to enhance access to financial resources in Afghanistan, especially for women.”

She said, “This project aims to strengthen the small financial sector in Afghanistan so that owners of small businesses and women-led enterprises can access the necessary financial credit to rebuild their businesses, rebuild their lives, and contribute to the revival of the private sector.”

The World Bank stated that the Afghanistan Credit Guarantee Foundation was established in 2004 and added that the bank is striving to increase access to financial resources in Afghanistan for small and medium-sized enterprises by providing credit guarantees and technical assistance.

This comes as support for women in the private sector, especially in investment and trade, has increased from international organizations.

The World Bank report stated that this project will be concentrated in 15 provinces of Afghanistan, including Badakhshan, Balkh, Bamyan, Daikundi, Faryab, Herat, Jawzjan, Kabul, Kunduz, Nangarhar, Parwan, Samangan, Sar-e Pol, and Takhar.

It is worth mentioning that this project in Afghanistan will be implemented through the Aga Khan Foundation and the Afghanistan Credit Guarantee Foundation.

The World Bank has stated that the goal of aligning this project is to support “enhancing the financial resilience and growth of small providers and companies.”

Additionally, the United Nations Development Program (UNDP) has announced the alignment of several projects to create job opportunities for women and emphasized that aligning projects strengthens the economy of Afghanistan and enables women entrepreneurs to manage their businesses.

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Herat governor urges UN to prioritize Afghan domestic products in food purchases

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Noor Ahmad Islamjar, the governor of Herat, has urged the United Nations to give priority to domestic Afghan products when procuring food and essential goods.

According to a statement from the Herat governor’s office, Islamjar met with Indrika Ratwatte, the UN humanitarian coordinator in Afghanistan, and Arafat Jamal, Representative of the UN High Commissioner for Refugees (UNHCR) office in Afghanistan.

During the meeting, the governor praised the UN’s cooperation and described the support provided during the first wave of returning migrants as a significant success. He emphasized that the local administration is fully prepared to address the needs of any potential new wave of migrants.

Islamjar also stressed the importance of international support in expanding foreign markets for Afghan agricultural and industrial products, and called for easing banking restrictions, facilitating visa issuance, and improving online services for the private sector and local traders.

In response, Indrika Ratwatte welcomed the governor’s proposals and assured that the UN would strive to source necessary goods from Afghan domestic products in the future, while continuing its cooperation with the local administration across various sectors.

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Four civilians killed in Khost overnight in Pakistani military attacks

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Hamdullah Fetrat, Deputy Spokesperson of the Islamic Emirate, reported on Thursday that four civilians were killed overnight in Khost province during artillery and mortar shelling by the Pakistani military.

The attacks occurred around 4:00 a.m. in Alishir-Trezi district.

The victims were members of a nomadic family, including a man, a woman, and two children. Three additional children were injured in the strikes.

The Pakistani military also carried out attacks in Kunar province last night. While no casualties were reported there, several homes and private properties were damaged.

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China urges de-escalation in Iran crisis and Afghanistan–Pakistan tensions

Wang noted that China’s Special Envoy for Afghan Affairs is currently shuttling between the two countries to help promote dialogue and reconciliation.

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China has called for restraint and dialogue amid rising regional tensions, saying diplomatic efforts are needed to prevent further escalation in both the Iran crisis and the border clashes between Afghanistan and Pakistan.

According to China’s Foreign Ministry, Wang Yi, the Foreign Minister of China, held a phone conversation with Mohammad Ishaq Dar, Pakistan’s Deputy Prime Minister and Foreign Minister, to discuss recent developments.

During the call, Wang said the key to preventing further escalation in Iran lies in halting military operations by the United States and Israel. He said China does not condone attacks on Gulf states and strongly condemns strikes against civilians and civilian infrastructure.

The discussion also addressed the recent clashes between Afghanistan and Pakistan.

Wang noted that China’s Special Envoy for Afghan Affairs is currently shuttling between the two countries to help promote dialogue and reconciliation.

He emphasized that the immediate priority is to prevent further escalation and ensure a swift return to negotiations between the two sides.

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