Afghanistan: Selected Issues and Statistical Appendix

International Monetary Fund

No 2005/034, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix presents a debt sustainability analysis for Afghanistan. The analysis is based on a simple spreadsheet model that calculates indicators of sustainability in terms of ratios of the net present value (NPV) of debt and debt service to relevant macroeconomic aggregates over 2005–30. Five scenarios are examined in the paper. Key vulnerability ratios are assessed under each scenario and compared with sustainability thresholds under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The results obtained are also discussed in detail in the paper.

Keywords: ISCR; CR; government; NPV; ratio; budget; cash management; revenue ratio; real GDP; government priority; expenditure program; NPV of debt; central government; PEM system; government institution; development expenditure; policy framework; cash balance; Budget planning and preparation; Debt service; Debt service ratios; Asia and Pacific; Central and Eastern Europe; Middle East; North Africa; Central Asia (search for similar items in EconPapers)
Pages: 77
Date: 2005-02-04
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