Private Sector and Financial Market Development Program

The effectiveness of policy reforms under the program is ultimately determined by the competence of the different Afghan government agencies, which acquired new roles during the reform process. As a result, and in view of the pervasive capacity constraints that affect the government, the sustainability of the program requires substantial follow-up assistance. A second program focused on the implementation challenges created by the program should be considered, as that would also be in line with the current ADB country partnership strategy for Afghanistan.