IMF Staff Country Reports

Islamic Republic of Afghanistan: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Afghanistan

July 15, 2008

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

Summary

This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility (PRGF) for Afghanistan and a Request for Waiver of Performance Criterion. Program performance during the second half of 2007/08 fell short of expectations. The performance criterion on fiscal revenue was missed, and the authorities fell behind on several program commitments. For 2008/09, real GDP growth is projected to moderate to 7.5 percent and inflation to decelerate to 15½ percent by year’s end.

Subject: Asset and liability management, Budget planning and preparation, Debt relief, Debt sustainability analysis, External debt, Inflation, Prices, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Debt relief, Fuel import price, Government, Inflation, Inflation in June, ISCR, Middle East, MOF's Revenue Department, PRGF loan, Year-on-year inflation

Publication Details

  • Pages:

    80

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/229

  • Stock No:

    1AFGEA2008007

  • ISBN:

    9781451800401

  • ISSN:

    1934-7685

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