Islamic Republic of Afghanistan: Staff Report for the 2005 Article IV Consultation and Sixth Review Under the Staff-Monitored Program

International Monetary Fund

No 2006/113, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2005 Article IV Consultation highlights that over the last 12 months, the Afghan authorities have made further progress in rebuilding institutions and stabilizing the economy. In a challenging environment, dominated by the difficult security situation and parliamentary elections, the authorities have continued to pursue prudent fiscal and monetary policies and have implemented a number of important institutional and structural reforms that have contributed to strong growth, moderate inflation, a stable exchange rate, and fiscal consolidation. The authorities have also modernized central bank operations and reinforced its supervision capacity.

Keywords: ISCR; CR; core budget development spending; operating budget; government; operating budget spending; anti-narcotics activity; operating budget deficit; staff appraisal; Budget planning and preparation; Currencies; Imports; Central Asia; South Asia; Global (search for similar items in EconPapers)
Pages: 74
Date: 2006-03-16
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