Risks to the Afghanistan Economy and the Region

Risks to the Afghanistan Economy and the Region
PRMIA Lahore-Islamabad presents a virtual event on Risks to the Afghanistan Economy and the Region.
 
  Date:
September 25, 2021

  Time:
4:00 p.m. - 5:30 p.m. Pakistan Time
3:30 – 5:00 p.m.  Afghanistan Time

  Location:
This webinar will take place online through the GoToWebinar platform.

 Session Length:
90 minutes

This virtual event will focus on the current situation of Afghanistan’s Economy under the new Taliban Administration after withdrawal of US/ NATO troops.

Afghanistan is a country with a population of over 38 million of which only 16% have bank accounts. The country has mostly depended on foreign aid which was 100% of GDP in 2009 and decreased to 42.9 % of GDP in 2020. As per reports, the assets of Central Bank of Afghanistan (DAB) are safeguarded in US Federal Reserve, the World Bank, the Bank of International Settlements in the form of US Treasury bills, bonds, gold and cash estimated to be worth US9.6 billion. 

Our speakers will discuss the risks to the economy, risk to the banking industry, potential run on the banks, central bank regulations, shortage of trained banking staff, restrictions on women bankers, restriction on FX reserves, will conventional banking continue or would there be a complete movement to Islamic banking, the role of World Bank/ IMF, COVID-19, Minerals, China’s Belt and Road Initiative (BRI), China Pakistan Economic Corridor (CPEC), risk to regional economies, remittances and discuss the way forward. 



Speakers  

  
 
  Khan Afzal Hadawal was recently the First Deputy Governor of the Central Bank of Afghanistan (Da Afghanistan Bank) where he also remained Acting Governor for a significant period. He has also previously served as the CEO of Bank Milli Afghan, a public sector owned commercial bank. At central bank, he was involved in revising the banking law, law of Da Afghanistan Bank and law of Anti Money Laundering & CFT. He also led Afghanistan’s team in negotiations for successful removal from Financial Action Task Force grey list and also played a key role in founding Islamic banking & Financial Intelligence Units. Hadawal holds B.A (General), LL.B (Hons) & M.A (Sociology equivalency) from International Islamic University, Islamabad (IIUI).

 
       
  Bilal Irfan is a former Card Management Specialist/ Digital Banking Head at Azizi Bank Afghanistan and a professional with 15+ years of experience in managing payment services, financial technology and digital banking businesses. He has also previously worked at RBS, ABN AMRO Bank, Faysal Bank, Bank Islami, First Micro Finance Bank and is currently working as Consultant with HypeFin United Kingdom.  He has Bachelors of Computer Science degree and also numerous banking industry certifications. 

 
       
  Fahad Zafar is a former Chief Risk Officer at the largest commercial bank of Afghanistan (owned by a large Dubai based conglomerate) where he was tasked by Bank’s Board & IMF advisors to set up the risk management department (in line with international best practices) after the debacle of another private bank (costing US$1 Billion to the US Treasury). He is also the Member Global Council PRMIA, Executive Director PPP Consultants, Former Executive Manager Ernst & Young (EY) and Advisor on a number of Chinese funded infrastructure projects. He is also a corporate trainer and a regular writer in leading international publications & academic journals. He has MBA from University of Bradford UK and BSc (Hons) from Middlesex University UK. 

 



Continued Risk Learning Credits: 1

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].

Registration

This event is FREE for members and non-members, although registration is required.  Click "Register Myself" below to reserve your spot. Make sure to click "Continue" to proceed with your registration. (If this is your first time accessing the PRMIA website you will need to create a short user profile to register.) Support chapter events like this by becoming a member

 
When
9/25/2021 7:00 AM - 8:30 AM
Where
Virtual Chapter Event
 

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