Afghanistan: Selected Issues and Statistical Appendix
February 4, 2005
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This Selected Issues paper and Statistical Appendix presents a debt sustainability analysis for Afghanistan. The analysis is based on a simple spreadsheet model that calculates indicators of sustainability in terms of ratios of the net present value (NPV) of debt and debt service to relevant macroeconomic aggregates over 2005–30. Five scenarios are examined in the paper. Key vulnerability ratios are assessed under each scenario and compared with sustainability thresholds under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The results obtained are also discussed in detail in the paper.
Subject: Budget planning and preparation, Debt service, Debt service ratios, Expenditure, External debt, Public financial management (PFM)
Keywords: Asia and Pacific, budget, Budget planning and preparation, cash balance, cash management, Central and Eastern Europe, Central Asia, central government, CR, Debt service, Debt service ratios, development expenditure, expenditure program, government, government institution, government priority, ISCR, Middle East, North Africa, NPV, NPV of debt, PEM system, policy framework, ratio, real GDP, revenue ratio
Pages:
77
Volume:
2005
DOI:
Issue:
034
Series:
Country Report No. 2005/034
Stock No:
1AFGEA2005002
ISBN:
9781451800203
ISSN:
1934-7685
