Islamic Republic of Afghanistan: Request for an Extension of the Three-Year Arrangement Under the Extended Credit Facility
June 17, 2010
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The arrangement, for SDR 81 million (50 percent of quota), was approved on June 26, 2006. The Executive Board extended the arrangement until March 31, 2010, and rephased remaining disbursements to allow for a review. The authorities intend to frame the new homegrown program within a wider development agenda that they will announce at a donor conference in Kabul on July 20. The revenue target was exceeded by a large margin, yielding an increase in the tax-to-GDP ratio from 6.9 percent in 2008/09 to 8.9 percent in 2009/10.
Subject: Currencies, Demand for money, Economic sectors, Fiscal policy, Fiscal sustainability, Macrostructural analysis, Money, Public enterprises, Structural reforms
Keywords: agenda, CR, Currencies, Demand for money, ECF-supported program, extension of the arrangement, Fiscal sustainability, ISCR, lapse-of-time basis, money demand, Public enterprises, reform agenda, request, Structural reforms
Pages:
4
Volume:
2010
DOI:
Issue:
171
Series:
Country Report No. 2010/171
Stock No:
1AFGEA2010004
ISBN:
9781455204694
ISSN:
1934-7685
