Islamic Republic of Afghanistan: Second Review Under the Staff-Monitored Program-Press Release; and Staff Report
IMF Staff Country Reports, May 13, 2016
Source details
- Canonical URL
- Islamic Republic of Afghanistan: Second Review Under the Staff-Monitored Program-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: May 13, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484350843.002
Economic context and drivers
- Deepening uncertainty about the political transition following the 2014 presidential election undermined confidence and economic activity.
- Corruption and weak governance complicated implementation of reforms.
- A weakening security environment contributed to increased emigration.
- The financial sector remains fragile and plays a limited intermediation role.
Fiscal and external developments
- The overall budget had a deficit in 2015 as a shortfall in grants more than offset higher-than-projected revenue and lower spending.
- The trade deficit remained large.
- Substantial inflows of foreign aid kept the current account in surplus.
Risks and outlook
- Risks center on political uncertainty, governance weaknesses, and security deterioration, which together impede reform implementation and economic recovery.
- Increased emigration is noted as a socio-economic consequence of the adverse environment.
Subject areas covered
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Banking
- Budget planning and preparation
- Crime
- Economic and financial statistics
- Expenditure
- External sector statistics
- Public financial management (PFM)
- Revenue administration
Keywords (as provided)
- Afghan authorities
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Budget planning and preparation
- Central Asia
- CR
- exchange rate
- External sector statistics
- Global
- government
- import coverage
- imports of goods
- ISCR
- management of the International Monetary Fund
- Middle East
- outlook
Publication metadata and identifiers
- Pages: 51
- Volume: 2016
- Issue: 120
- Series: Country Report No. 2016/120
- DOI: https://doi.org/10.5089/9781484350843.002
- Stock No: 1AFGEA2016002
- ISBN: 9781484350843
- ISSN: 1934-7685
- Publication date on page: May 13, 2016
International Monetary Fund. Middle East and Central Asia Dept., "Islamic Republic of Afghanistan: Second Review Under the Staff-Monitored Program-Press Release; and Staff Report", IMF Staff Country Reports 2016, 120 (2016).