Islamic Republic of Afghanistan: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; Staff Supplement and Statement; Press Release on the Execut

Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Afghanistan

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 229

Publication date: July 2008

ISBN: 9781451800401

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Topics covered in this book

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Exports and Imports , Public Finance , Business and Economics - Statistics , ISCR , CR , MOF's Revenue Department , year-on-year inflation , government , PRGF loan , inflation in June , fuel import price , Debt relief , Budget planning and preparation , Inflation , Middle East

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Summary

This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility (PRGF) for Afghanistan and a Request for Waiver of Performance Criterion. Program performance during the second half of 2007/08 fell short of expectations. The performance criterion on fiscal revenue was missed, and the authorities fell behind on several program commitments. For 2008/09, real GDP growth is projected to moderate to 7.5 percent and inflation to decelerate to 15½ percent by year’s end.