Islamic Republic of Afghanistan: 2017 Article IV Consultation and Second Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Afghanistan

December 14, 2017

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Islamic Republic of Afghanistan: 2017 Article IV Consultation and Second Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Afghanistan, (USA: International Monetary Fund, 2017) accessed November 16, 2024

Summary

This 2017 Article IV Consultation highlights that the real GDP of Afghanistan grew by 2.4 percent in 2016 thanks to higher agricultural output. For 2017, growth is projected at 2.5 percent and at 3 percent for 2018. This is below the rate of growth needed to reduce unemployment, and is contingent on an improvement in confidence, implementation of reforms, and continued strong donor support. Consumer price inflation remains moderate and is expected to average 6 percent in 2018. Afghanistan has also made progress in strengthening the country’s anti-corruption framework, and its efforts in antimonetary laundering and counter financing of terrorism resulted in the recent exit from the Financial Action Task Force’s monitoring process.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Corruption, Crime, External debt, Public debt, Public financial management (PFM)

Keywords: Afghanistan, Anti-corruption measure, Anti-money laundering and combating the financing of terrorism (AML/CFT), Authorities' progress, Central Asia, Corruption, CR, Debt, Executive Board assessment, Executive Board's discussion, GDP deflator, Global, Government, Government of Afghanistan, ISCR, Macroeconomic policy mix, Policy reform agenda, Real GDP, Top priorities

Publication Details

Pages:

127
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/377
Stock No:

1AFGEA2017002
ISBN:

9781484332863
ISSN:

1934-7685

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