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

April 6, 2005

Preview Citation

Format: Chicago

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

Summary

This paper assesses Afghanistan’s Third Review Under the Staff-Monitored Program (SMP) and Request for an Extension. Performance during the third quarter of the SMP was strong, particularly considering that the October 2004 presidential elections and the ensuing formation of a new government diverted important human resources. All end-December 2004 indicative quantitative indicators and structural benchmarks were met, except for the benchmark related to the publication in the official gazette of the central bank law and the commercial banking law, as the publication of the latter was delayed for technical reasons.

Subject: Banking, Budget planning and preparation, Commercial banks, Currencies, Financial institutions, Foreign exchange, Money, Public financial management (PFM), Real exchange rates, State-owned banks

Keywords: Benchmark interest rate, Budget planning and preparation, Central bank, Commercial banks, CR, Currencies, Development platform, Government, Government program classification, ISCR, Money market, Operating budget, Real exchange rates, State-owned banks, U.S. dollar

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/128
Stock No:

1AFGEA2005003
ISBN:

9781451800210
ISSN:

1934-7685

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