European Parliament Library

Islamic Republic of Afghanistan, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Afghanistan, International Monetary Fund

This paper discusses key findings of the First Review Under the Poverty Reduction and Growth Facility (PRGF) for Afghanistan. Despite a difficult security environment and persistent expenditure pressures, Afghanistan’s performance during the first six months of 2006/07 was in line with the program. The authorities met all the end-September 2006 quantitative performance criteria and indicative targets, the structural performance criterion, and most structural benchmarks, except those related to state-owned banks. The overall fiscal strategy for the remainder of 2006/07 and for 2007/08 strikes a balance between addressing critical spending pressures and fiscal sustainability
Table Of Contents
Cover; Contents; List of Acronyms; Executive Summary; I. Introduction; II. Recent Economic Developments and Performance Under the Program; III. The Program for the Remainder of 2006/07 and 2007/08; A. Macroeconomic Outlook; B. Fiscal Policy; C. Monetary and Exchange Rate Policies and Financial Sector Reforms; D. External Sector; E. Structural Policies, Poverty Reduction, and Statistical Issues; IV. Program Monitoring, Risks, and Safeguards Assessment; V. Staff Appraisal; Figures; 1. Price Developments, 2003-06; 2. Monetary Developments, 2004-06
Literary Form
non fiction
First edition.
Description based upon print version of record
Physical Description
1 online resource (88 p.)
Specific Material Designation
Form Of Item

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