Islamic Republic of Afghanistan: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility
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Summary:
This paper discusses key findings of the First Review Under the Poverty Reduction and Growth Facility (PRGF) for Afghanistan. Despite a difficult security environment and persistent expenditure pressures, Afghanistan’s performance during the first six months of 2006/07 was in line with the program. The authorities met all the end-September 2006 quantitative performance criteria and indicative targets, the structural performance criterion, and most structural benchmarks, except those related to state-owned banks. The overall fiscal strategy for the remainder of 2006/07 and for 2007/08 strikes a balance between addressing critical spending pressures and fiscal sustainability.
Series:
Country Report No. 2007/130
Subject:
Budget planning and preparation Central banks Expenditure Government debt management International reserves Poverty Poverty reduction strategy Public financial management (PFM)
English
Publication Date:
March 27, 2007
ISBN/ISSN:
9781451800302/1934-7685
Stock No:
1AFGEA2007001
Pages:
87
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