| Financier | Commitments |
|---|---|
| IDA Grant | 20.00 |
Financial Sector Rapid Response - Additional Financing
Development Objective
To assist DAB to develop action plans for improved banking supervision and to establish key building blocks of financial sector infrastructure: payment system, movable collateral registry, and public credit registry.
Key Details
Project Details
P160073
Closed
Ahmed Rostom
N/A
September 20, 2016
(as of board presentation)
October 27, 2016
N/A
US$ 20.00 million
N/A
2017
US$ 20.00 million
C
May 27, 2021
October 31, 2019
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 20.00 |
| IBRD + IDA Commitment | 20.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 20.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Actions plans developed, with initial implementation monitored,for the ten banks audited Value No action plan Targeted TA on banking supervision under procureme Action plans under implementation Date August 1, 2011 October 7, 2015 October 31, 2019 Comment Payment system conforms to international norms Value Not conform Not conform Substantially Conform Date August 1, 2011 October 7, 2015 October 31, 2019 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Audit reports completed highlighting strengths and weaknesses of each bank Value No auditreports tointernationalstandards Audits completed Audits completed Date August 1, 2011 October 7, 2015 June 30, 2016 Comment Interbank payment Value T+1 for Kabul area and T+3 for other areas T+1 for Kabul area and T+3 for other areas Same day all over Afghanistan Date August 1, 2011 August 16, 2016 October 31, 2019 Comment Card payment system Value No interbank card system Implementation of interbank card system underway. System goes live and, on an ongoing basis, process Date August 1, 2011 August 16, 2016 October 31, 2019 Comment Rating of national payment system Value Low: a, e, f; Med-low: d; n.a. b, c Low: a, e, f; Med-low: d; n.a. b, c Med-High: a, b, d, f; Med-Low: c, e Date August 1, 2011 August 16, 2016 October 31, 2019 Comment Effective Financial Supervision Department (FSD) organization with training processes in place to ensure sustainable capacity development Value Revised FSDorganizationapproved byDAB Procurement of TA for Financial Supervision Depart Continuous implementation of action plan Date November 1, 2013 June 2, 2015 October 31, 2019 Comment Approval by DAB of financial sector regulations ensuring consistency with international standards Value Afghanistan financial sector regulations not fully A new banking law and AML/CFT regulations were ap Key regulations approved Date November 1, 2013 August 16, 2016 October 31, 2019 Comment Increase in the number of creditreports sent by the Public Credit Registry to commercial banks Value 0.00 115000.00 250000.00 Date November 1, 2013 March 31, 2016 October 31, 2019 Comment As of end-March 2016, DAB indicated more than 115,000 credit records have been registered in the PCR system, of which around 40%records are for women. Increase in the number of items of collateral registered in the Collateral Registry Value 815.00 5828.00 10000.00 Date November 1, 2013 June 30, 2016 October 31, 2019 Comment RTGS operational and transactions settled in real time by end of project Value No RTGS No RTGS RTGS goes live Date August 1, 2011 October 7, 2015 October 31, 2019 Comment Number of commercial banks? staff trained in AIBF reaches 4,500 by end of project Value 1017 4850 6000 Date August 1, 2011 August 16, 2016 October 31, 2019 Comment of which the number of female commercial bank staff trained Value 243 1200 Date December 31, 2011 August 16, 2016 October 31, 2019 Comment Improved sustainability of APS and AIBF Value 0.00 0.00 50.00 Date August 16, 2016 October 31, 2019 Comment Increased transparency through the adoption of international central bank accounting and auditing standards Value Financial statements prepared based on local accou DAB financial statements for the year ended in 201 Date August 16, 2016 October 31, 2019 Comment Enhanced operational efficiency of DAB staff : percentage reduction in time spent to prepare DAB balance sheet Value 0 80% Date August 16, 2016 October 31, 2019 Comment DAB training - Number of key DAB staff trained Value 0 1443 Date August 16, 2016 October 31, 2019 Comment central banking curriculum to be rolled out under the project all eligible DAB key staff (as of September 2016) Number of DAB staff who have completed or enrolled into a Bachelor or Masters program Value 88.00 0.00 250.00 Date August 16, 2016 October 31, 2019 Comment DAB training - Percentage of eligible staff in critical functions who completed specialized, professional training sessions Value 0.00 0.00 50.00 Date August 16, 2016 October 31, 2019 Comment Number of key DAB female staff trained under the project Value 0 172 Date August 16, 2016 October 31, 2019 Comment 172 key DAB staff are women (as of 08/16/2016) Percentage increase in the number of on-site and off-site examinations by the department Value 0.00 0.00 10.00 Date November 1, 2013 June 2, 2015 October 31, 2019 Comment