IMF Staff Country Reports

Islamic Republic of Afghanistan : Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, and Rephasing and Extension of the Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Afghanistan

Author/Editor:

International Monetary Fund

Publication Date:

May 1, 2009

Electronic Access:

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Summary:

This paper discusses key findings of the Fifth Review for Afghanistan under the Poverty Reduction and Growth Facility (PRGF). Performance under the PRGF-supported program has been mixed. Monetary and financial policies were broadly consistent with the program. However, difficulties were evident in reforming public enterprises and in the fiscal area. The economic program for 2009/10 envisages a prudent monetary policy to ensure fast disinflation, fiscal adjustment anchored on remedial measures to increase revenues and contain spending, and closer monitoring of public enterprises that pose fiscal risks.

Series:

Country Report No. 09/135

Subject:

Announcements Corruption Economic indicators Economic reforms External debt Financial sector Fiscal policy Governance Inflation targeting Monetary policy Performance criteria waivers Political economy Poverty Reduction and Growth Facility Staff Reports