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New building for WB country office opens

New building for WB country office opens

May 22, 2019 - 13:32

KABULinfo-icon (Pajhwok): The Worldinfo-icon Bank Group (WBG) has inaugurated a new building for its Country Office in Kabul, signaling its long-term commitment to the people of Afghanistaninfo-icon.

The new building was officially opened by Mohammad Humayon Qayoumi, acting minister of finance and chief advisor on infrastructure and technology to the president; Hartwig Schafer, World Bank vice president for the South Asia Region; and Nena Stoiljkovic, Asia and Pacific VP for the International Finance Cooperation.

The inaugural ceremony was attended by senior Afghan government officials, representatives from international development partners in Kabul and other WBG staff.

Speaking at the ceremony, Hartwig Schafer said: “Our new office building symbolises the World Bank Group’s enduring partnership with the people of Afghanistan.”

At this critical juncture Afghanistan faces deep poverty and economic pressure and the World Bank’s commitment is crucial to help the country recover and create better living standards for its people.

The World Bank was strongly committed to continue helping the Afghans in their efforts to create a better future, he continued.

On a plot purchased from the government, the building was constructed through close collaboration between the WBG and Afghan businesses and workers.

Construction work started in November 2016 and was completed in January 2019.The new building provides an improved and safe working environmentinfo-icon for the bank’s staff.

Stoiljkovic said: “This is a strong signal that IFC remains committed to helping Afghanistan's private sector grow and tackle some of the country’s most pressing development challenges.

“A competitive economy which will propel the country towards private sector led growth is critical for creating opportunities for Afghan people to escape poverty.”

World Bank Vice President Schafer thanked staff in Afghanistan for their invaluable efforts and expressed the hope that the new office space would provide a conducive environment for the success of their work.



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