Although Afghanistan has made significant gains over the years, vulnerabilities remain. The economic program Afghanistan National Development Strategy (ANDS) has been developed to sustain democracy, reduce poverty, and improve growth. ANDS, an important milestone in the rebuilding and development of Afghanistan, serves as its Poverty Reduction Strategy Paper (PRSP) and uses the pillars, principles, and benchmarks of the Afghanistan Compact as a foundation to achieve its MDGs. It has given high priority to the security sector for implementing security policies and strategies and also for building an Afghan National Army for the country's security.
This paper analyzes the implications of Islamic precepts on banks’ structure and activities, focusing on banking supervision issues. It points out and discusses these issues in the context of a paradigm version of Islamic banking, as well as in frameworks that fall between the paradigm version and conventional banking. The case of Islamic banks operating in a conventional system is also examined.
International Monetary Fund. External Relations Dept.
Arecent IMF study proposes policies that could improve the financial sector’s performance in the Middle East and North Africa region. While the study finds that financial development varies considerably across the region, it is clear that more needs to be done to reinforce the institutional environment and promote nonbank financial sector development. Susan Creane, Rishi Goyal, and Randa Sab discussed their main findings and methodology with Jacqueline Irving of the IMF Survey.