{
  "title": "Islamic Republic of Afghanistan: Fourth Review Under the Staff-Monitored Program",
  "publication": "IMF Staff Country Reports, July 19, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/islamic-republic-of-afghanistan-fourth-review-under-the-staff-monitored-program-18413",
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  "summary": "This paper focuses on the Fourth Review Under the Staff-Monitored Program (SMP) for Afghanistan. Under the SMP, Afghanistan continued to make progress in improving macroeconomic management, strengthening its capacity to formulate policy, and creating conditions for sustainable economic growth.",
  "sections": [
    {
      "heading": "Program progress and macroeconomic management",
      "content": "- Under the Staff-Monitored Program (SMP), Afghanistan continued to make progress in improving macroeconomic management.\n- Strengthened capacity to formulate policy and created conditions for sustainable economic growth were reported.\n- All indicative quantitative indicators and structural benchmarks for the fourth review were observed, except for the external debt survey, owing to the lack of cooperation of some creditors."
    },
    {
      "heading": "Real sector performance",
      "content": "- Despite unfavorable weather, real GDP continued to increase at a steady pace, estimated at 7.5 percent in 2004/05."
    },
    {
      "heading": "Compliance and data limitations",
      "content": "- All indicative quantitative indicators and structural benchmarks were met for the fourth review with one exception:\n  - External debt survey not observed due to lack of cooperation of some creditors."
    },
    {
      "heading": "Thematic coverage (subjects and keywords from the report)",
      "content": "- Subjects covered:\n  - Budget planning and preparation\n  - Central banks\n  - Currencies\n  - Expenditure\n  - Financial institutions\n  - International reserves\n  - National accounts\n  - Private investment\n  - Public financial management (PFM)\n  - State-owned banks\n- Keywords included:\n  - accelerated depreciation\n  - authorities' intention\n  - authorities' reiterated commitment\n  - authorities' resistance\n  - Budget planning and preparation\n  - CR\n  - delivery of government service\n  - government\n  - government involvement\n  - government program classification\n  - government's drawdown\n  - International reserves\n  - ISCR\n  - Middle East and Central Asia\n  - operating budget\n  - Private investment\n  - reiterated commitment\n  - renewed commitment\n  - resistance to pressure\n  - State-owned banks\n  - U.S. dollar\n\nIslamic Republic of Afghanistan: Fourth Review Under the Staff-Monitored Program; IMF Staff Country Report No. 2005/237; July 19, 2005.\n\n---\n\n Content in this bundle\n\n- cr05237\n  - cr05237 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05237 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 19, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451800227.002",
    "Under the Staff-Monitored Program (SMP), Afghanistan continued to make progress in improving macroeconomic management.",
    "Strengthened capacity to formulate policy and created conditions for sustainable economic growth were reported.",
    "All indicative quantitative indicators and structural benchmarks for the fourth review were observed, except for the external debt survey, owing to the lack of cooperation of some creditors.",
    "Despite unfavorable weather, real GDP continued to increase at a steady pace, estimated at 7.5 percent in 2004/05.",
    "All indicative quantitative indicators and structural benchmarks were met for the fourth review with one exception:",
    "Subjects covered:",
    "Keywords included:",
    "**_cr05237**"
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