Islamic Republic of Afghanistan: 2007 Article IV Consultation and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion: Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Afghanistan
Electronic Access:
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Summary:
Afghanistan has made substantial progress toward macroeconomic stability, but structural reforms need to be accelerated. The uncertainty affecting the fiscal outlook warrants a prudent expenditure policy. Monetary policy has been instrumental in reducing inflation and safeguarding external stability, but it needs to be strengthened. The government should resist pressures for expanding its role in the economy and focus on fostering competition and improving economic governance. The current exchange rate level appears in line with fundamentals. The government should increase its efforts to improve Afghanistan’s statistical database.
Series:
Country Report No. 2008/076
Subject:
Balance of payments statistics Bank supervision Banking Budget planning and preparation Commercial banks Economic and financial statistics Expenditure Financial regulation and supervision Financial statistics Public financial management (PFM)
English
Publication Date:
February 20, 2008
ISBN/ISSN:
9781451800371/1934-7685
Stock No:
1AFGEA2008004
Pages:
99
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