IMF Staff Country Reports

Islamic Republic of Afghanistan: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report

May 29, 2018

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Islamic Republic of Afghanistan: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report, (USA: International Monetary Fund, 2018) accessed November 15, 2024

Summary

This paper discusses Afghanistan’s Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria (PCs). Program implementation through end-December 2017 was satisfactory, despite the challenging security situation and mounting political risks. All quantitative PCs and eight of the nine structural benchmarks were met. The end-April 2018 benchmark related to asset declarations by public officials was implemented with a short delay. The IMF staff supports the completion of the third review under the ECF arrangement and the authorities’ request for a modification of three PCs for June 2018.

Subject: Banking, Budget planning and preparation, Central banks, Credit, Economic and financial statistics, External sector statistics, International reserves, Money, Public financial management (PFM)

Keywords: Afghan authorities, Afghanistan, ARTF Research and Analysis Program, Base year, Budget planning and preparation, Central Asia, CR, Credit, ECF arrangement for the Islamic Republic of Afghanistan, Exchange rate, Executive Board's decision, External sector statistics, Global, Government, Growth, IMF Executive Board Completes Third Review, International reserves, ISCR

Publication Details

  • Pages:

    94

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2018/127

  • Stock No:

    1AFGEA2018001

  • ISBN:

    9781484357576

  • ISSN:

    1934-7685