About Harakat

Harakat is an independent, non-profit, Afghan-managed organization that aims to improve Afghanistan’s business environment. Harakat provides grant funds to the private sector, government and civil society to implement activities to reduce or remove barriers that currently make it difficult to do business in Afghanistan. Harakat started operating in 2008 and have since worked diligently to improve the country’s investment climate.
Harakat is Afghan-managed, and know the particular challenges and barriers that face businesses trying to maximize opportunities and returns here in Afghanistan. Harakat knows that issues of corruption, bureaucracy and non-enforceable policies are real threats to economic growth. That’s why they provide grants to relevant entities that have solid ideas to tackle these issues and create a flourishing investment environment.
Harakat started with a £30 million (≈US$50 million) fund and aim to increase the total amount to US$100 million from private sector and donor contributions, so they can continue to fund practical, rapid-result projects that promote the following 8 priority areas

Harakat 8 Priority Areas for Funding:
1. Financial markets that provide greater access to finance and affordable credit to all sizes of business, especially SME’s;
2. Streamlined and more effective regulations and creation of regulatory impact assessment systems;
3. Increased private sector investment in infrastructure, especially energy, water, agriculture and transportation;
4. More equitable and efficient taxation and customs systems;
5. Strengthened property rights and more effective contract enforcement;
6. Higher workforce productivity and mobility and improved labor market regulation
7. Strengthened competition policy that reduces anti-competitive practices; and
8. Improved capacity of government and institutions to tackle corruption.
Harakat has supported DAB in the areas of legal framework, capacity building and public awareness for both Movable Collateral Registry and Public Credit Registry.
For more details please visit the website:

About IFC

IFC, a member of the World Bank Group, creates opportunities for people to escape poverty and improve their lives. IFC fosters sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments.
IFC’s access to finance advisory program creates an enabling business environment to create the highest developmental impact. Advisory services are provided to financial institutions across the developing world, and IFC supports governmental agencies in developing strong financial infrastructures to facilitate access to credit. This is achieved through the establishment of collateral registries and credit bureaus, and through regulatory reforms that allow for solid leasing, secured transaction, and mobile banking framework.

As part of IFC’s secured lending program in the MENA region, IFC has been working in partnership with Da Afghanistan Bank to promote secured lending in Afghanistan. The project helped create a legal and regulatory environment favorable to the development of secured lending. This required comprehensive diagnostics performed by IFC’s legal experts, to identify legislative and other potential constraints, drafting legislation and raising awareness of legal and regulatory best practice including collateral registry regulations. The program helped establish a collateral registry based on best practice hosted in DAB. The project is currently focusing on building the capacity of local financial institutions (such as banks, leasing companies, investors, etc.) to create and expand secured transaction markets on a sustainable and profitable basis and to operate the collateral registry efficiently. It is raising awareness on the benefits of secured transactions to micro, small and medium enterprises as a means to finance business expansion and economic growth. For more information, visit


International Development Association

The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Established in 1960, IDA aims to reduce poverty by providing loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.
IDA complements the World Bank’s original lending arm—the International Bank for Reconstruction and Development (IBRD). IBRD was established to function as a self-sustaining business and provides loans and advice to middle-income and credit-worthy poor countries. IBRD and IDA share the same staff and headquarters and evaluate projects with the same rigorous standards.
IDA is one of the largest sources of assistance for the world’s 82 poorest countries, 40 of which are in Africa. It is the single largest source of donor funds for basic social services in these countries. IDA-financed operations deliver positive change for 2.5 billion people, the majority of whom survive on less than $2 a day. IDA lends money on concessional terms. This means that IDA charges little or no interest and repayments are stretched over 25 to 40 years, including a 5- to 10-year grace period. IDA also provides grants to countries at risk of debt distress.
As a part of IDA activities in Middle East and South Asia, IDA has been successfully supporting the creation of Movable Collateral Registry and Public Credit Registry in Afghanistan. IDA provided funds for the purchase of Software and Hardware of both registries and enabled Da Afghanistan Bank to commence these fundamental projects for the betterment of the Financial Sector of Afghanistan.