{
  "title": "Islamic Republic of Afghanistan: Third Review Under the Staff-Monitored Program and Request for an Extension",
  "publication": "IMF Staff Country Reports, April 6, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/islamic-republic-of-afghanistan-third-review-under-the-staff-monitored-program-and-request-18185",
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  "summary": "This paper assesses Afghanistan’s Third Review Under the Staff-Monitored Program (SMP) and Request for an Extension. Performance during the third quarter of the SMP was strong, particularly considering that the October 2004 presidential elections and the ensuing formation of a new government diverte",
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    {
      "heading": "Executive summary",
      "content": "- The paper assesses Afghanistan’s Third Review Under the Staff-Monitored Program (SMP) and the Request for an Extension.\n- Performance during the third quarter of the SMP was characterized as strong.\n- The October 2004 presidential elections and the ensuing formation of a new government diverted important human resources, yet strong performance was maintained.\n- All end-December 2004 indicative quantitative indicators and structural benchmarks were met, except one."
    },
    {
      "heading": "Key finding on benchmarks and laws",
      "content": "- All end-December 2004 indicative quantitative indicators and structural benchmarks were met, except:\n  - The benchmark related to the publication in the official gazette of the central bank law and the commercial banking law.\n  - The publication of the commercial banking law in the official gazette was delayed for technical reasons."
    },
    {
      "heading": "Thematic coverage (subjects and keywords)",
      "content": "- Subjects:\n  - Banking\n  - Budget planning and preparation\n  - Commercial banks\n  - Currencies\n  - Financial institutions\n  - Foreign exchange\n  - Money\n  - Public financial management (PFM)\n  - Real exchange rates\n  - State-owned banks\n- Keywords:\n  - benchmark interest rate\n  - Budget planning and preparation\n  - central bank\n  - Commercial banks\n  - CR\n  - Currencies\n  - development platform\n  - government\n  - government program classification\n  - ISCR\n  - money market\n  - operating budget\n  - Real exchange rates\n  - State-owned banks\n  - U.S. dollar\n\n---\n\n Content in this bundle\n\n- cr05128\n  - cr05128 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05128 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 6, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451800210.002",
    "The paper assesses Afghanistan’s Third Review Under the Staff-Monitored Program (SMP) and the Request for an Extension.",
    "Performance during the third quarter of the SMP was characterized as strong.",
    "The October 2004 presidential elections and the ensuing formation of a new government diverted important human resources, yet strong performance was maintained.",
    "All end-December 2004 indicative quantitative indicators and structural benchmarks were met, except one.",
    "All end-December 2004 indicative quantitative indicators and structural benchmarks were met, except:",
    "Subjects:",
    "Keywords:",
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