The Islamic Republic of Afghanistan: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for The Islamic Republic of Afghanistan

July 27, 2016

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The Islamic Republic of Afghanistan: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for The Islamic Republic of Afghanistan, (USA: International Monetary Fund, 2016) accessed September 18, 2024

Summary

This paper discusses Afghanistan’s Request for a Three-Year Arrangement Under the Extended Credit Facility (ECF). The program sets out a structural reform agenda that focuses on institution building, fiscal and financial reforms, and measures to combat corruption to lay the foundations for scaled up private sector development. The envisaged reforms dovetail with Afghanistan’s National Development Framework currently being finalized. The program aims to preserve macro-financial stability by implementing prudent fiscal, monetary, and financial policies, and by maintaining external buffers and a flexible exchange rate regime. The IMF staff supports the authorities’ request for an ECF arrangement under an IMF-supported program.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Budget planning and preparation, Crime, Expenditure, External debt, Fiscal policy, Public debt, Public financial management (PFM)

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Asset declaration regime, Authorities' plan, Central Asia, CR, Debt, Enforcement authorities, Global, Implementation risk, ISCR, Middle East, Policy reform, Real GDP, Reform agenda, Regime

Publication Details

Pages:

115
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/252
Stock No:

1AFGEA2016003
ISBN:

9781498389990
ISSN:

1934-7685

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