The European Union Delegation in Kabul announced that it has signed an agreement worth 5 million euros with the International Finance Corporation (IFC), a member of the World Bank Group, to implement the Afghanistan Private Sector Stabilization Program.
According to the agency’s press release, this program is the latest collaboration between the European Union and the World Bank Group in Afghanistan, designed to stabilize the economy, create sustainable livelihoods, and promote inclusive growth led by the private sector.
The program provides investment opportunities in small and medium-sized enterprises, supports entrepreneurs, improves access to financial services, and focuses specifically on the economic participation of young women and returning migrants.
It will also strengthen the enabling environment for job and business creation by working closely with the private sector.
