Islamic Republic of Afghanistan: 2007 Article IV Consultation and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion: Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Afghanistan
February 20, 2008
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Afghanistan has made substantial progress toward macroeconomic stability, but structural reforms need to be accelerated. The uncertainty affecting the fiscal outlook warrants a prudent expenditure policy. Monetary policy has been instrumental in reducing inflation and safeguarding external stability, but it needs to be strengthened. The government should resist pressures for expanding its role in the economy and focus on fostering competition and improving economic governance. The current exchange rate level appears in line with fundamentals. The government should increase its efforts to improve Afghanistan’s statistical database.
Subject: Balance of payments statistics, Bank supervision, Banking, Budget planning and preparation, Commercial banks, Economic and financial statistics, Expenditure, Financial regulation and supervision, Financial statistics, Public financial management (PFM)
Keywords: ANDS document preparation, authority, Balance of payments statistics, Bank supervision, Budget planning and preparation, CR, Financial statistics, financing, Global, government, ISCR, managed float regime, Middle East, operating budget, operating budget envelope, PRGF loan, revenue shortfall
Pages:
99
Volume:
2008
DOI:
Issue:
076
Series:
Country Report No. 2008/076
Stock No:
1AFGEA2008004
ISBN:
9781451800371
ISSN:
1934-7685
