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Afghanistan’s Central Bank Expands Services

Better banking expands government services.

For many years, Afghanistan badly needed better banking services to collect government revenue, pay salaries, and fund development programs. Today, with technical assistance from USAID, the situation is improving. On October 19th, Afghanistan’s Central Bank opened two more offices, bringing the total number of modernized branches in Afghanistan to 16, including nine in provincial capitals. These branches will provide efficient, reliable financial services, including funds transfer to pay the salaries of government employees such as teachers, nurses and election workers.  In addition, with the help of USAID advisors, the bank can now manage the nation’s customs operations, a significant source of revenue for the government of Afghanistan.

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About this activity: Economic Governance & Private Sector Strengthening (EGPSS)

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