This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Afghanistan and the IMF. Additional information can be found on Afghanistan and IMF country page, including official IMF reports and Executive Board documents in English that deal with Afghanistan.
IMF’s Work on Afghanistan
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Four Questions About Debt and Financing Risks from COVID-19 in the Middle East and North Africa
April 28, 2021
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April 9, 2021
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March 22, 2021
Author/Editor:International Monetary Fund. Fiscal Affairs Dept.
Series:Country Report No. 2021/057 -
November 13, 2020
Author/Editor:International Monetary Fund. Middle East and Central Asia Dept.
Series:Country Report No. 1920/300 -
November 6, 2020
The Executive Board of the International Monetary Fund (IMF) today approved a 42-month arrangement for Afghanistan under the Extended Credit Facility (ECF) in an amount equivalent to SDR 259.04 million (about US$ 370 million or 80 percent of Afghanistan’s quota) to support the authorities’ economic reform program aimed at sustainable growth and poverty reduction. The program seeks to preserve macroeconomic stability, reverse the fiscal deterioration caused by the pandemic, and protect development and social spending. Structural reforms under the program will focus on mobilizing domestic revenue, improving the quality of public spending and public financial management, bolstering the financial sector, and strengthening the anti-corruption regime. The ECF arrangement will also help cover Afghanistan’s external and fiscal financing needs that emerged since the start of the pandemic.
Regional Economic Outlook
April 11, 2021
A year into the coronavirus (COVID-19) pandemic, the race between vaccine and virus entered a new phase in the Middle East and Central Asia region, and the path to recovery in 2021 is expected to be long and divergent. The outlook will vary significantly across countries, depending on the pandemic’s path, vaccine rollouts, underlying fragilities, exposure to tourism and contact-intensive sectors, and policy space and actions. Public gross financing needs in most emerging markets in the region are expected to remain elevated in 2021–22, with downside risks in the event of tighter global financial conditions and/or if fiscal consolidation is delayed due to weaker-than-expected recovery. 2021 will be the year of policies that continue saving lives and livelihoods and promote recovery, while balancing the need for debt sustainability and financial resilience. At the same time, policymakers must not lose sight of the transformational challenges to build forward better and accelerate the creation of more inclusive, resilient, sustainable, and green economies. Regional and international cooperation will be key complements to strong domestic policies.Read the Report