IMF Staff Country Reports

Islamic Republic of Afghanistan: First Review Under the Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Islamic Republic of Afghanistan

June 28, 2021

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Islamic Republic of Afghanistan: First Review Under the Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Islamic Republic of Afghanistan, (USA: International Monetary Fund, 2021) accessed December 23, 2024

Summary

Afghanistan is confronting the Covid-19 pandemic and its socioeconomic fallout amid rising insecurity. Supported by donors, the authorities boosted health and social spending to cushion the pandemic’s impact on the vulnerable. Policy measures kept the output contraction to 2 percent in 2020, but poverty rose and the fiscal deficit widened. Political uncertainty has risen as the peace talks between the government and Taliban stalled and the U.S., NATO, and allies announced the withdrawal of their troops by September. In a strong sign of support for Afghanistan’s development and reforms, donors pledged some US$12 billion civilian grants over 2021–24 at the Geneva conference in November 2020.

Subject: COVID-19, Credit, Currencies, Expenditure, Health, International organization, Monetary policy, Money, Public debt

Keywords: Afghan authorities, Asia and Pacific, Asset declaration regime, COVID-19, Credit, Currencies, Extended Credit Facility arrangement, Foreign currency, Fund support, Global, IMF's transparency policy, Kabul money exchange market, Liquidity support program, Middle East, Policy measure

Publication Details

  • Pages:

    104

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2021/138

  • Stock No:

    1AFGEA2021002

  • ISBN:

    9781513587202

  • ISSN:

    1934-7685

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