Islamic Republic of Afghanistan: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Afghanistan
July 15, 2008
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This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility (PRGF) for Afghanistan and a Request for Waiver of Performance Criterion. Program performance during the second half of 2007/08 fell short of expectations. The performance criterion on fiscal revenue was missed, and the authorities fell behind on several program commitments. For 2008/09, real GDP growth is projected to moderate to 7.5 percent and inflation to decelerate to 15½ percent by year’s end.
Subject: Asset and liability management, Budget planning and preparation, Debt Relief, Debt sustainability analysis, External debt, Inflation, Prices, Public debt, Public financial management (PFM)
Keywords: Budget planning and preparation, CR, Debt relief, fuel import price, government, Inflation, inflation in June, ISCR, Middle East, MOF's Revenue Department, PRGF loan, year-on-year inflation
Pages:
80
Volume:
2008
DOI:
Issue:
229
Series:
Country Report No. 2008/229
Stock No:
1AFGEA2008007
ISBN:
9781451800401
ISSN:
1934-7685
