Afghanistan: Private Sector and Financial Market Development Program

Date: May 2014
Type: Evaluation Reports
Country:
Subject:
Evaluation; Finance
Series: Validations of Project Completion Reports
Project Number: 37393-032; 37393-042

Description

The finance sector in Afghanistan was small, comprising commercial banks, microfinance institutions, credit unions, foreign exchange dealers, money service providers, an insurance company, and a leasing company. Commercial banks dominated the formal finance sector representing 95% of assets in the formal sector. Much of the economic activity occurred in the informal private sector which was estimated to be at least as large as the formal finance sector. Business access to formal credit remained limited for a number of reasons including the absence of legal and information underpinnings of formal intermediation.

This report validates the completion report’s assessment of the program. IED overall assessment: Less than Successful

Contents

  • Project Basic Data
  • Project Description
  • Evaluation of Performance and Ratings
  • Other Performance Assessments
  • Overall Assessment, Lessons, and Recommendations
  • Other Considerations and Follow-up