Islamic Republic of Afghanistan: Sixth Review Under the Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Nonobservance of a Performance Criterion, Modification and Performance Criteria, and Rephasing and Extension of the Arrangement
January 21, 2010
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This paper examines Afghanistan’s Sixth Review under the arrangement under the Poverty Reduction and Growth Facility. The growth of currency in circulation has been carefully managed to support the decline in inflation from double-digit levels in 2008. Reserve money, however, has been volatile, primarily because of unexpected changes in coalition forces’ deposits. Money demand remained strong as evidenced by the decline in inflation and a nominal appreciation of the Afghani. The authorities have also been implementing a short-term revenue action plan with measures aimed at limiting corruption.
Subject: Budget planning and preparation, Economic sectors, Expenditure, External debt, Imports, International trade, Public enterprises, Public financial management (PFM)
Keywords: Budget planning and preparation, CR, extension of the arrangement, growth facility, Imports, inflation development, ISCR, nonobservance of a performance criterion, Public enterprises, Rephasing, request, revenue performance
Pages:
64
Volume:
2010
DOI:
Issue:
022
Series:
Country Report No. 2010/022
Stock No:
1AFGEA2010001
ISBN:
9781451800432
ISSN:
1934-7685
