Islamic Republic of Afghanistan: Seventh Review Under the Staff-Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Afghanistan
IMF Staff Country Reports, July 11, 2006
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- Islamic Republic of Afghanistan: Seventh Review Under the Staff-Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Afghanistan
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Bibliographic details
- Published: July 11, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451800289.002
Macroeconomic performance and program outcomes
- Afghanistan’s economy continued to perform strongly under the staff-monitored program.
- Rapid economic growth was achieved.
- Inflation declined to single-digit levels.
- The international reserves position strengthened further.
Structural reforms and political developments
- The authorities implemented key structural reforms in the fiscal and monetary areas.
- The political framework envisaged under the 2001 Bonn agreement was brought to fruition.
Risks and implementation challenges
- Risks remain considerable.
- Specific challenges identified:
- Security situation–related risks.
- Persistent opium-related activities.
- Weak implementation capacity.
- Uncertainties about donor assistance.
Subject coverage and keywords
- Subject: Budget planning and preparation, Expenditure, External debt, Poverty, Poverty reduction strategy, Public debt, Public financial management (PFM)
- Keywords: assessment, authority, Budget planning and preparation, CR, Global, government program classification, ISCR, operating budget, operating budget deficit, Poverty reduction strategy, PRGF loan, safeguards assessment of DAB, staff appraisal