Islamic State of Afghanistan: First Review Under the Staff-Monitored Program
IMF Staff Country Reports, November 18, 2004
Source details
- Canonical URL
- Islamic State of Afghanistan: First Review Under the Staff-Monitored Program
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Bibliographic details
- Published: November 18, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451800180.002
Executive summary
- The paper assesses the First Review Under the Staff-Monitored Program (SMP) for Afghanistan.
- The authorities have met all of the indicative quantitative targets set out under the SMP.
- The authorities have met all structural benchmarks except one: the benchmark on licensing of commercial banks was only partly met owing to the opposition of the shareholders of Export Promotion Bank to its merger with three other state-owned banks.
- The IMF staff views the authorities’ performance in the first quarter as a notable achievement.
Key findings
- Indicative quantitative targets: all met.
- Structural benchmarks: all met except:
- Licensing of commercial banks: partly met due to opposition by shareholders of Export Promotion Bank to its merger with three other state-owned banks.
- Staff assessment: performance in the first quarter characterized as a notable achievement.
Subjects and keywords
- Subject: Banking, Budget planning and preparation, Currencies, Exchange rates, Expenditure, Foreign exchange, Money, Public financial management (PFM)
- Keywords: balance of payments, benchmark interest rate, Budget planning and preparation, central bank, CR, credit market, Currencies, Exchange rates, first quarter, fund staff estimate, ISCR, Middle East, monetary policy, operating budget, price pressure, private sector, successor SMP, target level, unallocated expenditure
International Monetary Fund. "Islamic State of Afghanistan: First Review Under the Staff-Monitored Program", IMF Staff Country Reports 2004, 364 (2004).
Content in this bundle
- Cr04364