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

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Release Date: © March, 2007
ISBN : 978-1-45180-030-2
Stock #: 1AFGEA2007001
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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.


Balance of payments , Current account , Economic development , Economic policy , Fiscal policy , Foreign exchange , Investment , Monetary policy

More publications in this series: IMF Staff Country Reports