23 March 2015: Afghanistan Finance Minister Eklil Hakimi and U.S. Treasury Secretary Jacob Lew exchange copies of a memorandum of understanding during talks at Camp David March 23, 2015 in Camp David, Maryland. The MoU solidifies American support for a financial program that will set Afghanistan on a path toward stability and independence. The MoU is in the following:
Whereas the Governments of the Islamic Republic of Afghanistan (Afghanistan) and the United States of America (the United States) (together, the Participants) seek to enhance cooperation on capacity building and technical assistance in public financial management and sight of the financial sector:
Reaffirming our commitment to a sovereign, prosperous, and stable Afghanistan;
Recognizing the importance of supporting Afghanistan’s economic reform initiatives and sending a strong signal of sustained U.S. support;
The Governments of Afghanistan and the United States hereby affirm their desire to achieve the following:
3. Technical assistance to Afghanistan’s financial Intelligence unit (“Fin TRACA”) that will facilitate the development of:
4. In addition, the U.S. Department of the treasury intends o facilitate the identification of other U.S Government agencies or multilateral institution that may be able to provide assistance to support Afghanistan’s goals in the following areas:
The U.S Department of the Treasury intends to identify how its expertise in providing technical assistance in areas such as financial law enforcement and commercial banking sector development could help further these important goals.
II. The Participants intends to engage in consultations regarding the design and development of these capacity – building and technical assistance efforts in an expeditious manner; with a view towards finalizing Terms of Reference to govern such efforts between the U.S Department of the Treasury; and the ministry of finance ; Da Afghanistan Bank ; or other Afghan ministries or entities; as appropriate.
This Framework for Cooperation is signed in Washington; D.C on March 23: 2015