IMF Staff Country Reports

Islamic Republic of Afghanistan: 2007 Article IV Consultation and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion: Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Afghanistan

February 20, 2008

Download PDF

Preview Citation

Format: Chicago

Islamic Republic of Afghanistan: 2007 Article IV Consultation and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion: Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Afghanistan, (USA: International Monetary Fund, 2008) accessed December 25, 2024

Summary

Afghanistan has made substantial progress toward macroeconomic stability, but structural reforms need to be accelerated. The uncertainty affecting the fiscal outlook warrants a prudent expenditure policy. Monetary policy has been instrumental in reducing inflation and safeguarding external stability, but it needs to be strengthened. The government should resist pressures for expanding its role in the economy and focus on fostering competition and improving economic governance. The current exchange rate level appears in line with fundamentals. The government should increase its efforts to improve Afghanistan’s statistical database.

Subject: Balance of payments statistics, Bank supervision, Banking, Budget planning and preparation, Commercial banks, Economic and financial statistics, Expenditure, Financial regulation and supervision, Financial statistics, Public financial management (PFM)

Keywords: ANDS document preparation, Authority, Balance of payments statistics, Bank supervision, Budget planning and preparation, CR, Financial statistics, Financing, Global, Government, ISCR, Managed float regime, Middle East, Operating budget, Operating budget envelope, PRGF loan, Revenue shortfall

Publication Details

  • Pages:

    99

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/076

  • Stock No:

    1AFGEA2008004

  • ISBN:

    9781451800371

  • ISSN:

    1934-7685

You May Also Be Interested In...

Paraguay: Public Investment Management Assessment – PIMA and Climate PIMA

December 24, 2024

Vulnerabilities and Risks in Denmark’s Nonbank Financial Institutions: Denmark

December 24, 2024

Central Bank Stress Testing—Guidance Note

December 23, 2024

Industrial Policy and State Ownership: How Do Commercial Banks Allocate Credit in China?

December 23, 2024