Islamic Republic of Afghanistan: Fourth Review Under the Staff-Monitored Program
Volume/Issue:
Volume 2005
Issue 237
Publication date: July 2005
ISBN: 9781451800227
$20.00
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Topics covered in this book
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Banks and Banking , Investments and Securities-General , Money and Monetary Policy , Public Finance , ISCR , CR , government , government program classification , reiterated commitment , U , S , dollar , operating budget , renewed commitment , government's drawdown , government involvement , accelerated depreciation , authorities' reiterated commitment , authorities' intention , delivery of government service , resistance to pressure , authorities' resistance , Budget planning and preparation , Private investment , State-owned banks , International reserves , Middle East and Central Asia
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Summary
This paper focuses on the Fourth Review Under the Staff-Monitored Program (SMP) for Afghanistan. Under the SMP, Afghanistan continued to make progress in improving macroeconomic management, strengthening its capacity to formulate policy, and creating conditions for sustainable economic growth. All indicative quantitative indicators and structural benchmarks for the fourth review were observed, except for the external debt survey, owing to the lack of cooperation of some creditors. Despite unfavorable weather, real GDP continued to increase at a steady pace, estimated at 7.5 percent in 2004/05.
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