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Title 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
Published Washington, D.C. : International Monetary Fund, [2016]
©2016

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Description 1 online resource (115 pages) : color illustrations
Series IMF country report ; no. 16/252
IMF country report ; no. 16/252.
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
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
Notes "July 2016."
Bibliography Includes bibliographical references
Notes Description based on online resource; title from pdf title page (IMF.org website, viewed September 7, 2016)
Subject International Monetary Fund -- Afghanistan
SUBJECT International Monetary Fund fast
Subject Fiscal policy -- Afghanistan
Monetary policy -- Afghanistan
Credit -- Afghanistan
Banks and banking -- State supervision -- Afghanistan
Economic indicators -- Afghanistan
Banks and banking -- State supervision
Credit
Economic indicators
Economic policy
Fiscal policy
Monetary policy
SUBJECT Afghanistan -- Economic policy
Subject Afghanistan
Form Electronic book
Author International Monetary Fund, publisher.
ISBN 9781498389990
1498389996