The Islamic Republic of Afghanistan : Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for The Islamic Republic of Afghanistan.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Middle East and Central Asia Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2016/252

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Afghanistan.

Fiscal policy.

Afghanistan--Economic policy.

Afghanistan.

Physical Description:

1 online resource (116 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2016.

Summary:

This paper discusses Afghanistan’s Request for a Three-Year Arrangement Under the Extended Credit Facility (ECF). The program sets out a structural reform agenda that focuses on institution building, fiscal and financial reforms, and measures to combat corruption to lay the foundations for scaled up private sector development. The envisaged reforms dovetail with Afghanistan’s National Development Framework currently being finalized. The program aims to preserve macro-financial stability by implementing prudent fiscal, monetary, and financial policies, and by maintaining external buffers and a flexible exchange rate regime. The IMF staff supports the authorities’ request for an ECF arrangement under an IMF-supported program.

Contents:

Cover; CONTENTS; CONTEXT; ECONOMIC DEVELOPMENTS, OUTLOOK, AND RISKS; A. Recent Developments; B. Outlook and Risks; THE AUTHORITIES' PROGRAM; A. Broad Strategic Issues; B. Design of the Program; C. First Pillar: Structural Reform Priorities; D. Second Pillar: Preserving Macro-Financial Stability; PROGRAM MODALITIES; STAFF APPRAISAL; FIGURES; 1. Real Sector; 2. Fiscal Sector; 3. Monetary Sector; 4. External Sector; TABLES; 1. Selected Economic Indicators, 2013-17; 2. Medium-Term Macroeconomic Framework, 2015-21; 3a. Central Government Budget, 2013-21 (In billions of Afghanis)

3b. Central Government Budget, 2013-21 (In percent of GDP)4a. Central Bank Balance Sheet, 2013-21; 4b. Central Bank Balance Sheet, 2013-21 (At program exchange rates); 5. Monetary Survey, 2013-21 (At current exchange rates); 6. Balance of Payments, 2013-21; 7. Financial Soundness Indicators, 2012-15; 8. Proposed Schedule of Reviews and Disbursements Under the ECF Arrangement; 9. External Financing Requirements and Sources, 2014-19; 10. Projected Payments and Indicators of Capacity to Repay the Fund; 11. Millennium Development Goals; ANNEXES; I. Risk Assessment Matrix

II. What Ails Afghanistan's Economy?III. Lessons from the Ex Post Assessment; IV. The Kabul Bank Crisis: Completing the Burden Allocation Process; APPENDIX; I. Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies for 2016-2019; Attachment II. Technical Memorandum of Understanding; CONTENTS; RELATIONS WITH THE FUND; RELATIONS WITH THE WORLD BANK; IMPLEMENTATION OF THE JOINT MANAGEMENT ACTION PLAN ON BANK-FUND COLLABORATION; RELATIONS WITH THE ASIAN DEVELOPMENT BANK; STATISTICAL ISSUES

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF cover (ebrary, viewed September 8, 2016).

ISBN:

9781475524710

1475524714

9781498390217

1498390218