Islamic Republic of Afghanistan: Fifth Review Under the Staff-Monitored Program and Request for an Extension

October 14, 2005

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Islamic Republic of Afghanistan: Fifth Review Under the Staff-Monitored Program and Request for an Extension, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Summary

This paper discusses the Fifth Review Under the Staff-Monitored Program (SMP) for Afghanistan. The authorities met all the end-June 2005 indicative quantitative targets and structural benchmarks under the SMP. Economic developments were broadly in line with the program projections made at the time of the fourth review. The growth estimate for 2004/05 was adjusted slightly upward, to 8 percent, to account for a more buoyant manufacturing sector. Economic activity during the first quarter of 2005/06 appears to be consistent with the 14 percent growth projection for the year.

Subject: Balance of payments, Budget planning and preparation, Currencies, Current account deficits, Expenditure, Financial institutions, Money, Public financial management (PFM), State-owned banks

Keywords: Budget planning and preparation, CR, Currencies, Current account, Current account deficits, Foreign exchange, Government financing strategy, Government ministry, Government program classification, ISCR, Operating budget, Renewed commitment, State-owned banks, U.S. dollar

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/371
Stock No:

1AFGEA2005005
ISBN:

9781451800234
ISSN:

1934-7685

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