KABUL (SW) – The central bank, Bank Mili Afghanistan, on Tuesday pledged to provide soft loans worth $ 100 million to promote industry in the country.
Ahmed Jawed Wafa, CEO of the BMA, and Aakhi Ahmad Paiman, CEO of the Industrialists Association, inked the deal. Wafa said on the occasion this move is aimed at promotion of industry in the country, and it would continue. He said this loan is for five years with a minimal interest rate of five per cent.
Speaking on the occasion, CEO of the Industrialists Association, Paiman hailed this development as a major milestone. He stressed the potential and capabilities of the industrialists should be utilized for economic growth in the country. He called for more soft loans at lower interest rates for industrialists.
According to the BMA, similar soft loans worth AFN 2 billion have been distributed for the sake of economic growth in the country.
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