European Parliament Library

Islamic Republic of Afghanistan, 2007 Article IV Consultation and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion - Staff Report; Staff Statement, International Monetary Fund

Abstract
Afghanistan has made substantial progress toward macroeconomic stability, but structural reforms need to be accelerated. The uncertainty affecting the fiscal outlook warrants a prudent expenditure policy. Monetary policy has been instrumental in reducing inflation and safeguarding external stability, but it needs to be strengthened. The government should resist pressures for expanding its role in the economy and focus on fostering competition and improving economic governance. The current exchange rate level appears in line with fundamentals. The government should increase its efforts to improve Afghanistan’s statistical database
Table Of Contents
Cover; Contents; I. Economic Developments: From Postwar Recovery to Macro-Stability; A. Overview; Figures; 1. Growth and Inflation; Text Boxes; 1. Afghanistan's Opium Economy; B. Macroeconomic Policies and Debt Issues; 2. Fiscal Balance, 2003/04-2007/08; 3. A Challenging Expenditure Structure Dependent on Donor Funding, 2007/08; 2. Rebuilding Domestic Revenue; 4. Monetary Policy Indicators, 2002/03-2007/08; 5. Exchange Rates, January 2005-November 2007; C. Financial Sector Developments and Risks; 3. Banking System; D. Structural Reforms, ANDS (PRSP), and AML/CFT
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (100 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781280970801

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