Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with the Islamic Republic of Afghanistan Feb 21, 2008
With ample foreign exchange at its disposal, the Da Afghanistan Bank (DAB) relies primarily on foreign exchange auctions for managing liquidity ... Directors commended the Da Afghanistan Bank (DAB) for the successful outcome of the special audit on the availability of foreign reserves. (IMF News)
Press Release: IMF Executive Board Completes Third Review Under PRGF Arrangement with The Islamic Republic of Afghanistan and Approves US$17.9 Million Disbursement Feb 15, 2008
The Afghani has appreciated by 1 percent against the U.S. dollar since end-December 2007, on account of increased sales of foreign exchange by Da Afghanistan Bank (DAB). "Looking forward, the continued success of the program hinges on mustering political support for the revenue enhancing measures that are necessary to move Afghanistan toward fiscal sustainability. There is also a need to allocate adequate resources for infrastructure maintenance, and to clarify the government's relations with... (IMF News)
Islamic Republic of Afghanistan -- Statement of the IMF Staff at the Conclusion of the Staff Visit Aug 15, 2007
Discussions with the Ministry of Finance and Da Afghanistan Bank focused on maintaining macroeconomic stability, reform priorities for the IMF-supported program, and actions to be taken in the context of the Heavily Indebted Poor Countries Initiative. The mission explored with the authorities ways to bolster domestic revenue performance and reached preliminary understandings on reversing recent adverse trade policy measures. (IMF News)
