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Events

Afghanistan PERSISTS (Private Enterprise Recovery Scale-up & Initiating Sustainable Transitional Solutions)

September 5, 2022
Istanbul, Türkiye 

The events of August 2021 in Afghanistan triggered a political, economic, and humanitarian crisis that disrupted functioning of the government and non-government institutions, contracted economic activities, and resulted in severe fiscal shrinkage for businesses and households. Purchasing power in the economy is reduced, financial sector crisis continues, and country’s real gross domestic product is projected to decline significantly, that are adversely impacting business activities. Businesses in the country are faced with heightened uncertainty about the future, shrinking demand, and brain drain, which undermined investment confidence and dampened firm’s investment outlook.

Given the evolving context of the country, it is critical to monitor the pulse of the Afghanistan’s private sector to better understand the operating constraints on businesses and the support needed to move forward in the changing business landscape. The World Bank designed the Private Sector Rapid Survey (PSRS) to assess the impact of the August 2021 events on the business environment and gather iterative information on the status and concerns of the country’s private sector firms. Building on the Round 1 survey report published in March 2022 (see here), the Round 2 follow-up report seeks to provide an updated review of the private sector context in Afghanistan based on a survey implemented in June 2022.  

The World Bank Group is organizing the PERSISTS (Private Enterprise Recovery Scale-up & Initiating Sustainable Transitional Solutions) event to facilitate a platform for the stakeholders and Afghanistan private sector to discuss a private sector-led economic recovery outlook. WBG will also launch the results of the Afghanistan Private Sector Rapid Survey Round 2, highlighting the impact of the financial and humanitarian crisis on the Afghan private sector and business environment.