Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
April 2005
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    Reconstructing AFGHANISTAN

    Adam Bennett, Editor

    Bruno de Schaetzen

    Louis Dicks-Mireaux

    Felix Fischer

    Thierry Kalfon

    Ron van Rooden

    International Monetary Fund

    © 2005 International Monetary Fund

    Production: IMF Multimedia Services Division

    Cover design: Massoud Etemadi

    Figures: Theodore F. Peters, Jr.

    Typesetting: Alicia Etchebarne-Bourdin

    Cataloging-in-Publication Data

    Reconstructing Afghanistan/Adam Bennett, editor—[Washington, D.C.]: International Monetary Fund,2004.

    • p. cm.

      • Includes bibliographical references.

      • ISBN 9781589063242

    1. Afghanistan—Economic policy. 2. Afghanistan—Economic conditions. 3. Fiscal policy—Afghanistan. 4. Monetary policy—Afghanistan. I. Bennett, Adam.

    HC417.R43 2004

    Price: US$25.00

    Please send orders to:

    International Monetary Fund, Publication Services

    700 19th Street, N.W., Washington, D.C. 20431, USA

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    Internet: http://www.imf.org

    Contents

    The following symbols have been used throughout this paper:

    • ...to indicate that data are not available;

    • —to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • —between years or months (for example, 2002—03 or January—June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (for example, 2002/03) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.

    Preface

    This study was prepared by an IMF staff team headed by Adam Bennett. Team members included Louis Dicks-Mireaux, Felix Fischer, Thierry Kalfon, Ron van Rooden, and Bruno de Schaetzen. Reconstructing Afghanistan reflects the staff’s work in Afghanistan beginning in early 2002, with the establishment of the interim administration headed by President Hamid Karzai, through the first quarter of 2004. During this period, the staff focused on helping (often under difficult circumstances) the Afghan authorities quickly establish a basic framework for economic management and policies, including rebuilding key institutions, notably the Ministry of Finance and the central bank, Da Afghanistan Bank. A preliminary version of this study was first published during the Annual Meetings of the IMF and the World Bank in Dubai in the fall of 2003, in the context of the IMF’s 2003 Article IV Consultation with Afghanistan.

    The authors are grateful for the excellent cooperation received from the Afghan authorities. In particular, our thanks go to Ashraf Ghani, Minister of Finance of Afghanistan (2002—04); Anwar Ul-Haq Ahady, Governor of Da Afghanistan Bank (2002—04); and Michael Carnahan, Larry Seale, and Martin Dinning, three key advisors in the Ministry of Finance and the central bank. The authors are also grateful to the United Nations Office on Drugs and Crime, which provided valuable information on and useful insights into the illicit drug sector in Afghanistan. The study covers the key areas in which the IMF staff has made important contributions toward the reconstruction of Afghanistan. In this regard, the authors would like to acknowledge the work of Paul Chabrier, Jean Le Dem, and Milan Zavadjil, who respectively led the staff team before Adam Bennett took over in the spring of 2003. The authors also acknowledge the work of the staff members of the IMF’s functional departments who have provided technical assistance to the Afghan authorities in their various areas of expertise, especially Steven Symansky and Emil Sunley of the IMF’s Fiscal Affairs Department, Ake LÖnnberg of the Monetary and Financial Systems Department, Tobias Asser of the Legal Department, and Adriaan Bloem and Vilay Soulatha of the Statistics Department. The authors are also grateful for helpful comments and suggestions received from our colleagues in the IMF’s Middle East and Central Asia Department, especially George Abed and Mohammad Shadman-Valavi. The authors are indebted to Sheila Tomilloso for providing invaluable secretarial assistance, both at the IMF headquarters in Washington and in Kabul, and to Archana Kumar of the IMF’s External Relations Department for editing this book and coordinating its publication.

    The views expressed here are those of the authors and do not necessarily reflect those of the IMF, its Executive Directors, or the Afghan authorities.

    List of Acronyms

    AACA

    Afghan Aid Coordination Agency

    AFMIS

    Afghanistan’s Financial Management Information System

    AIA

    Afghan Interim Administration

    AIAF

    Afghan Interim Administration Fund

    ARCSC

    Administrative Reform and Civil Service Commission

    ARTF

    Afghanistan Reconstruction Trust Fund

    AsDB

    Asian Development Bank

    ATA

    Afghan Transitional Administration

    CG

    Consultative Group

    CIRR

    Commercial Interest Reference Rates

    CIT

    Corporate income tax

    CSO

    Central Statistics Office

    DAB

    Da Afghanistan Bank

    ECO

    Economic Cooperation Organization

    FAO

    Food and Agriculture Organization

    GMU

    Grant Management Unit

    IAS

    International Accounting Standards

    ICMP

    Illicit Crop Monitoring Program

    IDA

    International Development Association

    IG

    Implementation Group

    ISAF

    International Security Assistance Force

    IsDB

    Islamic Development Bank

    ITAPs

    Immediate and Transitional Assistance Programs

    LOTFA

    Law and Order Trust Fund for Afghanistan

    LTU

    Large taxpayer unit

    MoF

    Ministry of Finance

    NCR

    National Cash Registry

    NDB

    National Development Budget

    NDF

    National Development Framework

    PRGF

    Poverty Reduction and Growth Facility

    PIT

    Personal income tax

    RTGS

    Real time gross settlement

    SG

    Steering Group

    SOEs

    State-owned enterprises

    TAPAs

    Transitional Assistance Programs for Afghanistan

    TIN

    Taxpayer identification number

    USAID

    United States Agency for International Development

    UNDCP

    United Nations International Drug Control Program

    UNDP

    United Nations Development Program

    UNODC

    United Nations Office on Drugs and Crime

    WFP

    World Food Program

    Source: United Nations: Afghanistan Information Management Service.

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