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

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  • 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.

Suggested Citation

  • International Monetary Fund, 2007. "Islamic Republic of Afghanistan: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility," IMF Staff Country Reports 2007/130, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/130
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