PriSEC Executive Committee Meeting chaired by H.E. First Vice President

PriSEC First Executive Committee Meeting

On Tuesday, January 18, 2021, the executive committee meeting of PriSEC chaired by His Excellency the First Vice President with the participation of honorable Administrative Office of the President, the respected Ministry of Industry and Commerce, Ministry of Agriculture, Irrigation and Livestock, Ministry of Justice, Ministry of Mines and Petroleum and respected administrations of Da Afghanistan Bank, Da Afghanistan Breshna Sherkat, National Statistics and Information Authority, and Afghanistan National Standards Authority were held in Gulkhana Palace of Sadarat.

 

First of all, H.E. the First Vice President welcomed the participants and introduced PriSEC Committee as a special platform and the third strategic framework of the government to support the private sector and the economic growth of the country.

 

Then, according to the agenda, information was provided about PriSEC committee, reforms, challenges, and recommendations.

 

The CEO of Da Afghanistan Bank assured about the finalization of the agreement on the transfer of bank accounts of the Citizenship Pact from Da Afghanistan Bank to Commercial Banks and the reduction of banks’ security costs.

 

The Ministry of Industry and Commerce ensured the finalization of a 6% subsidy for carpet exports, access to industrial park’s land and simplification of business registration, and announced its support for the private sector.

 

The Ministry of Finance added that the Asikuda system will soon be installed at Paktika Customs, and the 6 percent subsidy for carpets export is included in budget of 1400 fiscal year, asked for reforms in the private sector.

 

Due to the time-consuming nature of commercial laws, the Ministry of Justice expressed its commitment to supporting the expedited review of commercial laws due to the lack of necessary competence and expertise, the novelty of the laws and the adaptation of the mentioned foreign laws.

 

The Ministry of Urban Development and Lands informed about the progress of the executive work and emphasized on the development of the mortgage and rental sector.

 

The Ministry of Agriculture provided information on the standardization of health quality certificates with international standards, as well as the regulation and control of pesticide imports and the training of farmers.

 

While praising the activities of the PriSEC Committee, the Ministry of Economy called for greater participation and cooperation in the policy-making sector, and monitoring of the implementation of the World Bank’s programs and doing business indicators.

 

Among the representatives of the private sector, the Chamber of Industries and Mines appreciated the continuation of PriSEC’s activities and asked for a ban on checking the bank accounts of the entrepreneurs. Also, appreciated the government’s support for the growth of the private sector, the reduction of raw material’s tariffs, and the development of industrial parks, and asked for serious attention FVP to economic issues of the Country.

 

The Afghanistan Chambers Federation, while recalling the challenges of the private sector, referred to the issue of prolonging the registration of foreign companies and asked for the activation of commercial firearms in the field of online registration of foreign companies. They also asked for a law on the sale of public land to the private sector.

 

While appreciating PriSEC, the Women’s Chamber of Commerce and Industry reminded that the implementation of the reforms is time-consuming.

 

The Chairman of the World Bank Group, while appreciating PriSEC’s activities, assured of financial and technical cooperation for PriSEC and the growth of the private sector. He added that the development of the World Bank trade index provides the basis for domestic and foreign investment and called for more support for micro, small, and medium enterprises. Highlighting the role of the private sector in economic growth, he also reminded of the World Bank’s support for the development of the agricultural and housing sectors.

 

Asian Development Bank )ADB( appreciated the existence of the PriSEC Committee and stated that by reducing grants, the private sector would have a greater share of investment in the energy, agriculture and housing sectors through public-private partnerships.

 

The International Finance Corporation (IFC) expressed satisfaction with the continuation of PriSEC activities, emphasized that the participation of members of working groups should be permanent and the reforms should be implemented at the policy level.

 

In the end, the executive meeting of PriSEC Committee was concluded by H.E. the First Vice President, expressing gratitude for the active participation of members and approval of priority reforms and proposals of the Secretariat, addressing the following issues:

 

  • Private sector development reforms should be result-oriented and measurable, and the responsible departments should report on the progress of their implementation in cooperation with the Secretariat in the next meeting.
  • Responsible departments have an active share in working groups and implementation of reforms.
  • The Ministry of Urban Development and Lands should take action to develop the housing sector with the support of the World Bank Group and the Asian Development Bank.
  • The next meeting of the PriSEC Executive Committee will be held with the implementation of the amendments and the progress report.

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