IMF Staff Country Reports

Islamic Republic of Afghanistan: First Review Under the Extended Credit Facility Arrangement, Request for Waiver of Nonobservance of a Performance Criterion,Modification of Performance Criteria, and Rephasing of Disbursements 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

August 20, 2012

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Islamic Republic of Afghanistan: First Review Under the Extended Credit Facility Arrangement, Request for Waiver of Nonobservance of a Performance Criterion,Modification of Performance Criteria, and Rephasing of Disbursements 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, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

Afghanistan’s development, humanitarian, and governance challenges are formidable. Afghanistan is in its transition to become self-reliant. To achieve this goal, the government requires donor support. The IMF-supported economic program tries to address key macroeconomic challenges and seeks to safeguard the financial sector. The authorities have broadly met their program objectives, but their implementation suffered from delays. The authorities have now initiated an asset recovery process for each Kabul Bank beneficiary. The Executive Board has agreed to the authorities’ request for a waiver.

Subject: Bank supervision, Banking, Budget planning and preparation, Expenditure, External debt, Financial regulation and supervision, Public debt, Public financial management (PFM)

Keywords: Afs, Bank supervision, Budget planning and preparation, CR, Donor assistance grant, End-March revenue target, Global, Government ownership, IMF's Board, ISCR, Revenue collection, Staff appraisal

Publication Details

  • Pages:

    104

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2012/245

  • Stock No:

    1AFGEA2012001

  • ISBN:

    9781475505917

  • ISSN:

    1934-7685

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