Afghanistan: IFC, MIGA Support Raisin Production in Afghanistan

Jun 5, 2018 | Jessica Combes, CPI Financial
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IFC and MIGA, members of the World Bank Group, are providing $3 million in financing and $7.8 million in political risk insurance coverage for a new raisin processing plant in Afghanistan to help develop the country’s raisin market and boost its agribusiness sector. Agriculture is a key part of the Afghan economy, contributing 25 per cent of GDP and supporting more than 80 per cent of the population. The IFC-MIGA package will help the Rikweda Fruit Process Company develop a state-of-the-art raisin processing plant in Istalif, with the aim is to double production levels and improve the quality of processed raisins with modern technology and food safety practices, boosting exports and improving the lives of local farmers.