Approval by parliament of the revised 2017 budget that: (i) includes a transfer to DAB of Af7.7 billion, plus interest to be agreed between the MoF and DAB, to further reduce DAB’s lender of last resort exposure to Kabul Bank, and (ii) specifically provides for the allocation of $50 million from this amount payable first to the Kabul Bank Receivership before being transferred to DAB.
Introduced at R1 for R2.
Rationale: Preserve financial stability.