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Business and Economics > Budgeting

You are looking at 1 - 10 of 44 items for :

  • Type: Journal Issue x
  • Afghanistan, Islamic Republic of x
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Cover IMF Staff Country Reports
Islamic Republic of Afghanistan: Request for a 42-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Afghanistan
International Monetary Fund. Middle East and Central Asia Dept.
The COVID-19 pandemic has inflicted a heavy economic and social toll, amplifying the challenges of the armed conflict and fragility. Activity contracted sharply, and new external and fiscal financing needs emerged since the approval of the Rapid Credit Facility disbursement. President Ghani and Mr. Abdullah resolved the contested 2019 presidential election in mid-May, and peace negotiations between the government and Taliban started in September. The authorities are seeking renewed support from the international community for Afghanistan’s development and reforms. Donors remain committed but encourage reform implementation and combatting corruption. Aid is likely to decline in the medium term underscoring the need to advance to self-reliance.
Keywords:
ISCR; CR; asset declaration regime; COVID emergency financing grant; anti-corruption regime; ECF arrangement; economic reform program; donor support; Afghan authorities; COVID-19; Budget planning and preparation; Currencies; Asia and Pacific
Cover IMF Staff Country Reports
Islamic Republic of Afghanistan: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Afghanistan
International Monetary Fund. Middle East and Central Asia Dept.
This paper discusses Islamic Republic of Afghanistan’s Request for Disbursement Under the Rapid Credit Facility. The disbursement will help meet the urgent fiscal and balance of payments needs stemming from the coronavirus disease 2019 pandemic, catalyze donor support, and shore up confidence. The pandemic is inflicting heavy damage on Afghanistan’s economy, which is expected to contract sharply in 2020, imperiling the livelihood of a significant segment of the population. The authorities are taking emergency measures to contain the pandemic and its immediate social and economic impact. Substantial donor financing is urgently needed to help Afghanistan cover these fiscal and external financing needs which could increase further if the pandemic and its economic impact intensify. Beyond the immediate response, the authorities are committed to safeguarding macroeconomic stability and promoting inclusive growth. The central bank continues to focus on price stability. The IMF stands ready to assist Afghanistan as it battles the pandemic and to support its economic reforms going forward.
Keywords:
ISCR; CR; emergency financing request; financing; spending; pandemic; IMF lending tracker; Executive Board discussion; priority spending; emergency financing from the IMF; Currencies; Credit; Debt sustainability analysis; Budget planning and preparation; Global; COVID-19
Cover IMF Staff Country Reports
Islamic Republic of Afghanistan: Technical Assistance Report-Report on Government Finance Statistics Technical Assistance Mission (October 18-31, 2018)
International Monetary Fund. Statistics Dept.
This Technical Assistance paper assesses Islamic Republic of Afghanistan government’s finance statistics (GFS). The mission updated the AFMIS bridge tables to enable producing Budgetary Central Government data according to the GFSM 2014 classifications including the economic (object) and functional classifications, reviewed government debt compilation, assisted developing bridge tables for extrabudgetary units, and provided hands-on training for GFS compilers in compiling the data for the general government. Despite good outcomes, the capacity for GFS compilation remains slim and securing support of the management remains critical for both maintaining the current achievements and further improving the government financial data consistent with the GFSM 2014 methodology. Afghanistan has made good steps toward further improving GFS and starting to provide supplementary accrual information, while there have been issues with the quality of the source data. The mission suggests that a GFS Technical Working Group should be set up to coordinate the GFS reforms, address the issues in applying the GFSM 2014 methodology, and advise the Ministry of Finance management on important matters requiring attention.
Keywords:
ISCR; CR; GFS compilation; GFS compiler; cash basis; BCG account; compilation method; debt report; GFS reform; government debt datum; donor government; accounts payable; government operation; accounting guidance; GFS methodology; government debt compilation; GFS code; Government finance statistics; Financial statistics; Financial statements; Fiscal accounting and reporting; Budget planning and preparation
Cover IMF Staff Country Reports
Islamic Republic of Afghanistan: Staff Report for the 2019 Article IV Consultation and the Sixth Review under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Islamic Republic of Afghanistan
International Monetary Fund. Middle East and Central Asia Dept.
This paper presents 2019 Article IV Consultation with Republic of Afghanistan and its Sixth Review Under the Extended Credit Facility Arrangement. Despite difficult circumstances, the Afghan authorities have continued to demonstrate strong commitment to the economic program supported by the Extended Credit Facility arrangement. Given the uncertain outlook dominated by downside risks, policies should focus on maintaining macroeconomic and financial stability and putting the conditions in place for stronger and more inclusive growth, led by the private sector. The authorities have made progress with their self-reliance agenda, yet strong financial support from donors is needed to help Afghanistan stay on the path to greater prosperity. Fiscal policy should continue to target a broadly balanced budget, supported by fair and sustainable domestic revenue mobilization and strong financial support by donors. Resources should shift toward pro-growth and pro-poor outlays and create fiscal space to meet the country’s considerable development needs.
Keywords:
ISCR; CR; Afghanistan; right; authority; debt; self-reliance strategy; export promotion initiative; Executive Board discussion; Kabul money exchange market; self-reliance agenda; Currencies; Credit; Budget planning and preparation; Global; Middle East; Asia and Pacific; IMF arrangement; IMF's transparency policy; Debt sustainability
Cover IMF Staff Country Reports
Islamic Republic of Afghanistan: Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Afghanistan
International Monetary Fund. Middle East and Central Asia Dept.
This paper discusses Afghanistan’s Fifth Review under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria. The paper highlights that in the face of many headwinds, Afghanistan’s government continues to demonstrate strong ownership of the program supported by the ECF arrangement. The economic outlook is clouded by numerous uncertainties; however, ongoing peace negotiations offer hope for a much-needed improvement in the security situation. The security situation remains strained, but the US-Taliban peace negotiations have improved prospects for a political settlement. External financing should continue to rely on grants and concessional funding. Any scaling up of externally financed public investment should be gradual and preceded by an assessment of macro-fiscal implications and strengthened debt management. Continued reforms remain key to achieving higher and more inclusive growth. Reforms in support of fiscal sustainability, institution building, anti-corruption efforts, and financial stability should continue.
Keywords:
ISCR; CR; government; execution; export promotion initiative; doing business ranking; government institution; development spending; executive board discussion; government priority; financing option; Budget planning and preparation; Credit; International reserves; Currencies; Global
Cover IMF Staff Country Reports
Islamic Republic of Afghanistan: Fourth Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Request for Extension and Rephasing of the Arrangement-Press Release; and Staff Report
International Monetary Fund. Middle East and Central Asia Dept.
Background: The three-year arrangement under the Extended Credit Facility (ECF) for SDR 32.38 million (US$44.9 million, or 10 percent of quota) was approved on July 20, 2016. The first three reviews under the ECF were completed in May 2017, December 2017, and May 2018. The arrangement supports the government’s reform agenda—as outlined in the Afghanistan National Peace and Development Framework (ANPDF)—to lay the foundation for higher growth and job creation and aims to catalyze continued support from donors. Context: Violence swelled ahead of and during the October 20 parliamentary elections, but voter turnout was relatively strong despite severe operational challenges. Peace efforts have intensified, with the participation of the United States and regional powers. The poor security situation and electoral year uncertainties are undermining confidence and growth, and present risks to program implementation. A key focal point for this year is the Geneva Ministerial Conference on Afghanistan taking place on November 27–28, 2018. The conference aims to review reform progress, showcase the National Unity Government’s achievements, and secure continued donor support.
Keywords:
ISCR; CR; government; debt; disbursement amount equivalent; IMF Executive Board; SDR; Executive Board discussion; promissory note; debt sustainability; Afghan authorities; exchange rate; Credit; Budget planning and preparation; Global
Cover IMF Staff Country Reports
Islamic Republic of Afghanistan: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report
International Monetary Fund. Middle East and Central Asia Dept.
This paper discusses Afghanistan’s Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria (PCs). Program implementation through end-December 2017 was satisfactory, despite the challenging security situation and mounting political risks. All quantitative PCs and eight of the nine structural benchmarks were met. The end-April 2018 benchmark related to asset declarations by public officials was implemented with a short delay. The IMF staff supports the completion of the third review under the ECF arrangement and the authorities’ request for a modification of three PCs for June 2018.
Keywords:
ISCR; CR; Afghanistan; government; growth; Executive Board's decision; Afghan authorities; exchange rate; ARTF Research and Analysis Program; ECF arrangement for the Islamic Republic of Afghanistan; base year; IMF Executive Board Completes Third Review; Budget planning and preparation; Credit; International reserves; External sector statistics; Global; Central Asia
Cover Fiscal Policies and Gender Equality
Fiscal Policies and Gender Equality

Abstract

This volume contains seven chapters that consider how fiscal policies can address women’s and girls’ disadvantages in education, health, employment, and financial well-being. Researchers from a joint collaboration between the International Monetary Fund and the UK’s Department for International Development presented papers at a 2016 international conference on gender budgeting at the International Monetary Fund headquarters in Washington, DC, and detail the findings of their work here, which draws on published materials, a questionnaire sent to ministries of finance to all International Monetary Fund member countries, and interviews with country officials and international organizations that offer technical assistance to countries seeking to implement gender budgeting. They describe key gender budgeting efforts planning, allocating, and monitoring government expenditures and taxes to address gender inequality in sub-Saharan Africa, Asia and the Pacific, Europe, Latin America and Canada, the Middle East and Central Asia, and the Pacific Islands and Caribbean.

Keywords:
BOOK; government; country; Rwanda; government institution; gender disparity; budget statement; gender analysis; gender-disaggregated data; Gender budgeting; Gender inequality; Women; Budget planning and preparation; Caribbean; Sub-Saharan Africa; Pacific Islands; Middle East and Central Asia; Europe
Cover IMF Staff Country Reports
Multi-Country Report: Building Fiscal Capacity in Fragile States-Case Studies-Press Release; Staff Report
International Monetary Fund. Fiscal Affairs Dept.
This report reviews the IMF’s effort to build fiscal capacity in fragile states. It presents case studies on IMF technical assistance (TA) and capacity development in the fiscal area, provided by its Fiscal Affairs Department in collaboration with the Legal Department, in countries including Afghanistan, Haiti, Kosovo, Liberia, Mali, Myanmar, South Sudan, and Timor-Leste. The details in the case studies in various areas of fiscal policy management shed light on country-specific characteristics, how well IMF TA helped countries address fiscal capacity in the past, and lessons learned that could improve TA strategies and delivery in the future.
Keywords:
ISCR; CR; technical assistance; government; IMF mission; IMF area department team; lending; IMF TA; reform plan; partner-government coordination modality; Budget planning and preparation; Tax administration core functions; West Africa
Cover IMF Staff Country Reports
Islamic Republic of Afghanistan: First Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; and Staff Report
International Monetary Fund. Middle East and Central Asia Dept.
This paper discusses Afghanistan’s First Review under the Extended Credit Facility (ECF) Arrangement and the Request for Modification of Performance Criteria (PCs). Program implementation has been satisfactory. All quantitative PCs and indicative targets were met. The authorities are planning to contract a limited amount of nonconcessional debt to finance an important infrastructure project and are seeking approval of a modification of the relevant PCs. They are also requesting modification of three PCs for June 2017. These were revised owing to updates of the macroeconomic framework and changes in methodology affecting monetary variables. The IMF staff supports completion of the first review under the ECF arrangement and the authorities’ request for a modification of PCs.
Keywords:
ISCR; CR; debt; real GDP; deficit; consumer price inflation; reform implementation; security situation; executive board's decision; burden indicator threshold; Credit; Budget planning and preparation; Central Asia; Global; Middle East; Europe