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

June 5, 2017

Preview Citation

Format: Chicago

Islamic Republic of Afghanistan: First Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; and Staff Report, (USA: International Monetary Fund, 2017) accessed November 25, 2024

Summary

This paper discusses Afghanistan’s First Review under the Extended Credit Facility (ECF) Arrangement and the Request for Modification of Performance Criteria (PCs). Program implementation has been satisfactory. All quantitative PCs and indicative targets were met. The authorities are planning to contract a limited amount of nonconcessional debt to finance an important infrastructure project and are seeking approval of a modification of the relevant PCs. They are also requesting modification of three PCs for June 2017. These were revised owing to updates of the macroeconomic framework and changes in methodology affecting monetary variables. The IMF staff supports completion of the first review under the ECF arrangement and the authorities’ request for a modification of PCs.

Subject: Banking, Budget planning and preparation, Credit, External debt, Money, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, Burden indicator threshold, Central Asia, Consumer price inflation, CR, Credit, Debt, Deficit, Europe, Executive board's decision, Global, ISCR, Middle East, Real GDP, Reform implementation, Security situation

Publication Details

Pages:

98
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/144
Stock No:

1AFGEA2017001
ISBN:

9781484302972
ISSN:

1934-7685

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