Islamic Republic of Afghanistan: Second Review Under the Staff-Monitored Program-Press Release; and Staff Report

May 13, 2016

Preview Citation

Format: Chicago

Islamic Republic of Afghanistan: Second Review Under the Staff-Monitored Program-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed September 19, 2024

Summary

This paper discusses economic developments, outlooks, and risks in Afghanistan. The economy is in difficultly. Deepening uncertainty about the political transition following the 2014 presidential election, corruption and weak governance, and a weakening security environment have complicated the implementation of reforms, undermined confidence and economic activity, and contributed to increased emigration. The overall budget had a deficit in 2015 as a shortfall in grants more than offset higher-than-projected revenue and lower spending. The trade deficit remained large, but substantial inflows of foreign aid kept the current account in surplus. The financial sector remains fragile and plays a limited intermediation role.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Budget planning and preparation, Crime, Economic and financial statistics, Expenditure, External sector statistics, Public financial management (PFM), Revenue administration

Keywords: Afghan authorities, Anti-money laundering and combating the financing of terrorism (AML/CFT), Budget planning and preparation, Central Asia, CR, Exchange rate, External sector statistics, Global, Government, Import coverage, Imports of goods, ISCR, Management of the International Monetary Fund, Middle East, Outlook

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/120
Stock No:

1AFGEA2016002
ISBN:

9781484350843
ISSN:

1934-7685

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