Islamic Republic of Afghanistan : First Review Under the Extended Credit Facility Arrangement, Request for Waiver of Nonobservance of a Performance Criterion,Modification of Performance Criteria, and Rephasing of Disbursements Staff Report;Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion;and Statement by the Executive Director for the Islamic Republic of Afghanistan.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/245

IMF Staff Country Reports

Language:

English

Subjects (All):

Monetary policy--Afghanistan.

Monetary policy.

Afghanistan--Economic conditions.

Afghanistan.

Physical Description:

1 online resource (105 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Summary:

Afghanistan’s development, humanitarian, and governance challenges are formidable. Afghanistan is in its transition to become self-reliant. To achieve this goal, the government requires donor support. The IMF-supported economic program tries to address key macroeconomic challenges and seeks to safeguard the financial sector. The authorities have broadly met their program objectives, but their implementation suffered from delays. The authorities have now initiated an asset recovery process for each Kabul Bank beneficiary. The Executive Board has agreed to the authorities’ request for a waiver.

Contents:

Cover; Contents; Executive Summary; I. Background: Afghanistan Sets Out on a Path Toward Self-Reliance; II. Recent Economic Developments and Outlook; III. Program Implementation; A. Quantitative Program for End-March 2011; B. End-December 2011 and End-March 2012 Structural Benchmarks; IV. Policy Discussions; A. Macroeconomic Policies Through June 2013; B. Safeguarding the Financial Sector; C. Strengthening Economic Governance; D. Moving Toward Fiscal Sustainability; E. Fiscal and External Debt Sustainability Analysis; V. Program Modalities; VI. Staff Appraisal; Figures; 1. Real Sector.

2. Fiscal Sector3. Monetary Sector; 4. External Sector; Tables; 1. Selected Economic Indicators, 2010-2014; 2. Medium- and Long-Term Macroeconomic Framework, 2011-2025; 3a. Central Government Budget, 2010/11-2013; 3b. Central Government Budget, 2010/11-2013; 4. Total On-Budget and Off-Budget Fiscal Financing Needs, 2012-25; 5a. Central Bank Balance Sheet, 2010-2013; 5b. Central Bank Balance Sheet, 2010-2013; 6. Monetary Survey, 2008-13; 7. Balance of Payments, 2010-2014; 8. Proposed Schedule of Reviews and Disbursements Under the ECF Arrangement

9. External Financing Requirement and Sources, 2010-14Appendix; I. Letter of Intent; Appendix Tables; 1. Prior Actions and Structural Benchmarks; 2a. Quantitative Targets, 2011/12; 2b. Quantitative Targets, 2012-13; 3. Rephasing and Change to the Schedule of Reviews; Attachments; I. Memorandum of Economic and Financial Policies; I. Recent Developments; II. Program Implementation Through June 2012; III. Economic Program Through June 2013; IV. Program Modalities and Monitoring; II. Technical Memorandum of Understanding; I. Program Exchange Rates and Gold Valuation

II. Quantitative Performance Criteria and Indicative TargetsIII. Adjustors; IV. Provision of Information to the Fund; Contents; Annexes; I. Islamic Republic of Afghanistan

Relations with the Fund; II. Islamic Republic of Afghanistan

Relations with the World Bank and Bank-Fund Collaboration Under the Joint Management Action Plan; III. Islamic Republic of Afghanistan-Relations with the Asian Development Bank

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9781475554991

1475554990

9781475583199

1475583192

OCLC:

876511554