Islamic Republic of Afghanistan: Staff-Monitored Program

International Monetary Fund

No 2015/140, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses the main features of the Staff-Monitored Program (SMP) for Afghanistan. The SMP is designed to support the authorities’ reform agenda with a framework to address economic vulnerabilities and facilitate engagement with the international community to sustain donor support. The SMP will foster continued close engagement with Afghanistan, address immediate fiscal and banking vulnerabilities, and help manage risks. The SMP will also preserve buffers, maintain low inflation and competitiveness, and lay the basis for high and inclusive growth. Under the SMP, fiscal policy will focus on mobilizing domestic budget revenue to finance projected expenditure and rebuild the treasury’s cash balance.

Keywords: ISCR; CR; government; governance; donor flow; capacity-building effort; managing director of the International Monetary Fund; international community; Afghan authorities; priority sector; International reserves; Budget planning and preparation; Currencies; Middle East; Global (search for similar items in EconPapers)
Pages: 76
Date: 2015-06-02
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