Islamic Republic of Afghanistan: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

International Monetary Fund

No 2007/130, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; growth facility informational annex; Three-Year arrangement; Three-Year; facility; operating budget; facility informational annex; PRGF loan; government program classification; Budget planning and preparation; Poverty reduction strategy; Government debt management; International reserves (search for similar items in EconPapers)
Pages: 87
Date: 2007-03-27
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