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Kabul, Afghanistan (Photo by dflamholc)

Afghanistan Resident Representative Site

Resident Representative Office in the Islamic Republic of Afghanistan

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Afghanistan and the IMF. Additional information can be found on Afghanistan and IMF country page, including official IMF reports and Executive Board documents in English that deal with Afghanistan.

News — Highlights


IMF Survey: Economic Gains Prepare Afghanistan for Transition Year

With the presidential elections and the drawdown of foreign troops under way, Afghanistan faces a year of transition. click for more

Statement by IMF Managing Director Christine Lagarde on the IMF’s Resident Representative in Afghanistan

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today on the death of Mr. Wabel Abdallah, the IMF’s Resident Representative in Afghanistan click for more

Mideast Countries See Opportunity Amid Unrest

The IMF’s Regional Economic Outlook for the Middle East and Central Asia, released April 27, projects growth in the Middle East and North Africa region at 3.9 percent in 2011, unchanged from 2010. click for more

Communiqué of “Afghanistan: The London Conference” Afghan Leadership, Regional Cooperation, International Partnership

London, January 28, 2010 click for more

اعلامیه رسمی " افغانستان: کنفرانس لندن"

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Afghanistan and the IMF

IMF Program Note on the Islamic Republic of Afghanistan

April 8, 2015
Program Note on the Islamic Republic of Afghanistan click for more

Press Release: IMF Mission Reaches Staff-Level Agreement on SMP with the Islamic Republic of Afghanistan

March 20, 2015

Press Release: Statement at the End of an IMF Mission to the Islamic Republic of Afghanistan

December 2, 2014

Press Release: IMF’s Middle East Regional Technical Assistance Center Concludes Study Tour on VAT Implementation for the Afghanistan Revenue Department

September 12, 2014

Transcript of a Conference Call on Afghanistan Article IV Consultation

May 22, 2014

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Learning to Live With Cheaper Oil Amid Weaker Demand

A large and possibly persistent decline in oil prices, and slower-than-projected growth in the euro area, China, Japan, and Russia, have substantially altered the economic context for countries in the Middle East and Central Asia. The appropriate policy response will depend on whether a country is an oil exporter or importer. A common theme, however, is that these developments present both an opportunity and an impetus to reform energy subsidies and step up structural reform efforts to support jobs and growth.

Lower oil prices have weakened the external and fiscal balances of oil exporters, including members of the Gulf Cooperation Council (GCC). Large buffers and available financing should allow most oil exporters to avoid sharp cuts in government spending, limiting the impact on near-term growth and financial stability. Oil exporters should prudently treat the oil price decline as largely permanent and adjust their medium-term fiscal consolidation plans so as to prevent major erosion of their buffers and to ensure intergenerational equity.

Gains from lower oil prices provide much-needed breathing space for oil importers but will be offset by a concurrent decline in external demand, particularly from Russia, but also from the euro area and China. Russia's sharp slowdown and currency depreciation have weakened the outlook for the Caucasus and Central Asia (CCA) because of strong linkages through trade, remittances, and foreign direct investment, suggesting the need for greater exchange rate flexibility and near-term fiscal easing where financing allows, along with stepped-up reform efforts.