Islamic Republic of Afghanistan: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

March 27, 2007

Preview Citation

Format: Chicago

Islamic Republic of Afghanistan: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2007) accessed November 25, 2024

Summary

This paper discusses key findings of the First Review Under the Poverty Reduction and Growth Facility (PRGF) for Afghanistan. Despite a difficult security environment and persistent expenditure pressures, Afghanistan’s performance during the first six months of 2006/07 was in line with the program. The authorities met all the end-September 2006 quantitative performance criteria and indicative targets, the structural performance criterion, and most structural benchmarks, except those related to state-owned banks. The overall fiscal strategy for the remainder of 2006/07 and for 2007/08 strikes a balance between addressing critical spending pressures and fiscal sustainability.

Subject: Budget planning and preparation, Central banks, Expenditure, Government debt management, International reserves, Poverty, Poverty reduction strategy, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Facility, Facility informational annex, Government debt management, Government program classification, Growth facility informational annex, International reserves, ISCR, Operating budget, Poverty reduction strategy, PRGF loan, Three-Year, Three-Year arrangement

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/130
Stock No:

1AFGEA2007001
ISBN:

9781451800302
ISSN:

1934-7685

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