KABUL: Export Promotion Agency of Afghanistan (EPAA) has signed a number of Memorandum of Understandings (MoU) with Afghanistan International Bank (AIB) and Afghan Rural Finance Company (ARFC) to facilitate trade and businesses in Afghanistan.
The MoUs will enhance Afghan businesses’ access to finance and help them increase their product sales.
As per the agreements signed, Afghan traders can obtain up to $7 million in loan with a lower interest from AIB.
The key objectives of the MoUs are lower interest rate, offering preferential collateral requirements which meet traders’ capabilities and contributing to the capacity building of EPAA members and professional development of EPAA employees.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
