Imf Ecf Afghanistan
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All quantitative PCs and indicative targets were met. The Executive Board of the International Monetary Fund IMF today approved a 42-month arrangement for Afghanistan under the Extended Credit Facility ECF in an amount equivalent to SDR 25904 million about US370 million or 80 percent of Afghanistans quota to support the authorities economic reform program aimed at sustainable growth and poverty reduction.
Dab Holds Meeting With Imf On The Commencement Of New Ecf Program Da Afghanistan Bank
I am pleased to announce that the Afghanistan authorities and IMF staff have reached a staff-level agreement on a three-and-half year Extended Credit Facility ECF arrangement to support authorities economic reform program.
Imf ecf afghanistan. Da Afghanistan Bank Ibn Sina Wattd Kabul Afghanistan Email notification sign-up Sign up to receive free e-mail notices when new series andor country items are posted on the IMF website. An International Monetary Fund IMF team led by Christoph Duenwald visited Dubai from October 310 2019 to conduct discussions for the 2019 Article IV consultation and the sixth and final review of Afghanistans economic program supported by a 3½ -year ECF arrangement. This technical advice provided by the staff of the IMF to the authorities of Afghanistan in response to their request for technical assistance TA.
The most pressing economic tasks involved restoring economic stability and rebuilding institutions against the challenging backdrop of an unstable security situation. August 15 2020 The International Monetary Fund IMF and the Afghanistan authorities have reached a preliminary agreement on an economic reform program to be supported by a new three-and-half year US364 million Extended Credit Facility ECF. IMF Afghanistan reach preliminary pact over ECF The Frontier Post August 15 2020 KABUL Agencies.
The IMF and Ministry of Finance technical teams and DAB leadership held discussions in relation to the new three years Extended Credit Facility Program. The Executive Board of the International Monetary Fund IMF today approved a 42-month arrangement for Afghanistan under the Extended Credit Facility ECF in an amount equivalent to SDR 25904 million about US 370 million or 80 percent of Afghanistans quota to support the authorities economic reform program aimed at sustainable growth and poverty reduction. I am pleased to announce that the Kenyan authorities and the IMF mission team have reached agreement on economic and structural policies that would underpin a 38-month program under the Extended Fund Facility EFF and Extended Credit Facility ECF arrangements for about US24 billion Mary Goodman who led the IMF mission to Kenya said in a.
Islamic Republic of Afghanistan. Role of the IMF and IMF-Supported Programs In 2001 Afghanistans infrastructure and institutions were in disarray as a result of years of conflict and erratic policies. The mission objectives were to assist the Da Afghanistan Bank DA.
IMF team and the Afghan authorities reached staff-level agreement on the completion of the fifth review under the ECF arrangement. First Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release. Under the Extended Credit Facility ECF the Afghan government will receive 115 million immediately The IMF on Friday approved a 42-month 370 million loan program for conflict-ravaged Afghanistan as it tries to deal with the coronavirus pandemic.
Wednesday July 08 2020- Mr. Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria published on by INTERNATIONAL MONETARY FUND. IMF Afghanistan reach preliminary agreement over Extended Credit Facility Last Updated On.
Islamic Republic of Afghanistan. The IMF staff supports completion of the first review under the ECF arrangement and the authorities request for a modification of PCs. Program implementation has been satisfactory.
The Executive Board of the International Monetary Fund IMF today approved a 42-month arrangement for Afghanistan under the Extended Credit Facility ECF in an amount equivalent to SDR 25904 million about US 370 million or 80 percent of Afghanistans quota to support the authorities economic reform program aimed at sustainable growth and poverty reduction. In the end the Afghan government and IMF decided to continue the policies of the completed ECF program until the new programs initiation and agreed that they will discuss the new economic program which will start in the middle of the current year. This paper discusses Afghanistans First Review under the Extended Credit Facility ECF Arrangement and the Request for Modification of Performance Criteria PCs.
The Afghan authorities have continued to implement their economic reform program with notable progress in fiscal management and financial sector reforms. Access under this arrangement is proposed at SDR 259 million about US364 million. IMF delegation praised DABs efforts towards ECF and assessed as successful its performances in fulfilling the requirements and achieving the objectives amid troubled and challenging conditions in Afghanistan and revealed to declare their official standpoint via website following consultation with executive board.
The International Monetary Fund IMF and the Afghanistan authorities have reached a preliminary agreement on an economic reform program to be supported by a new three-and-half year US364 million Extended Credit Facility ECF. Ajmal Ahmadi the acting Governor of Da Afghanistan Bank held meeting with the IMF delegation on the commencement of the new ECF program.
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