An International Monetary Fund (IMF) team has held conducted virtual discussions with Afghan officials on the first Extended Credit Facility (ECF) review. A statement from IMF said on Friday the discussions were held in March-April. At the conclusion…
KABUL under the Extended Credit Facility (ECF). The 42-month credit arrangement is aimed to support the Afghan government’s economic reform programme seeking sustainable growth and poverty reduction, IMF said in a statement. The programme seeks to preserve macroeconomic stability, reverse…
KABUL has reached a staff-level agreement with the International Monetary Fund (IMF) on an economic reform programme to be supported by a new three-and-half year $364 million Extended Credit Facility (ECF). Following a disbursement under the IMF’s Rapid Credit Facility…
KABUL Bank (DAB) Governor Wahidullah Nosher hailed Afghanistan’s progress in the areas of macro-financial stability and structural reforms under the recently completed ECF arrangement. “I write to thank you for sharing with us the outline of your proposed policies to…
The International Monetary Fund (IMF) has announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic. “This provides grants to our poorest and most vulnerable members to cover their…
KABUL lender body said. Completion of this review enables the disbursement of SDR 5.38 million (about US$ 7.4 million). The three-and-half year ECF arrangement for SDR 32.38 million (about US$44.7 million or 10 percent of Afghanistan’s quota in the…
KABUL will remain vital as the country navigates the difficult path toward self-reliance, says an International Monetary Fund (IMF) official. Christoph Duenwald said in a statement Afghanistan continued to make good progress in implementing the programme supported by the Extended…
Acting Minister of Finance Mohammad Humayon Qayoumi and IMF technical team led by Christoph Duenwald discussed completion of the fund’s 5th review under ECF arrangement in Dubai, the United Arab Emirates, a statement said on Tuesday The Ministry…
The Executive Board of the International Monetary Fund (IMF) after its fourth review called Afghan Government’s economic and financial reforms successful and extended the ECF program until the end of FY-1398, an official said on Monday. Acting Finance…
KABUL will receive a disbursement amount worth $6.2 million under the Extended Credit Facility (ECF), the International Monetary Fund (IMF) announced on Saturday. The IMF Executive Board completed the fourth review of Afghanistan’s economic programme. The latest disbursement will bring…
International Monetary Fund IMF staff and Afghan authorities have reached a staff-level agreement on the completion of the fourth review under the Extended Credit Facility (ECF) arrangement. Based on preliminary findings of the mission, staff will prepare a…
KABUL, approving $6.4 million disbarment. The board met on Thursday and made the decision on a lapse-of-time basis, a statement from the fund said on Saturday. The ECF arrangement for SDR 32.38 million was approved on July 20, 2016. The…
KABUL, a statement from the Ministry of Finance (MoF) said on Saturday. The admiration came from IMF Deputy Managing Director of Mitsuhiro Furusawa during a meeting with Finance Minister Eklil Hakimi in Washington DC, the statement said. Hakimi is on…
KABUL continues to face daunting challenges, with the perilous security situation hurting confidence and economic growth, says a top International Monetary Fund (IMF) official. “The prospect of a large influx of Afghan refugees from neighboring countries is compounding these challenges,”…
The International Monetary Fund (IMF) has praised the Afghan government's measures in structural reforms and the pursuit of self-reliance despite persist challenges, the Finance Ministry said Tuesday. Addressing a press conference at the government media office in Kabul,…
KABUL after being judged to have made satisfactory progress on its reform plan. Afghanistan has a three-year extended credit facility (ECF) arrangement with the IMF, which mandates the introduction of fiscal and financial reforms, and anti-corruption measures. These are among…
KABUL authorities on an economic programme to be supported by a three-year Extended Credit Facility (ECF) arrangement. The IMF mission, led by Christoph Duenwald, held discussions with Afghanistan authorities in May and June last year on IMF support for Afghanistan’s…
Afghanistan share of SDR (Special Drawing Right) in IMF has reached to $323 million, nearly doubled comparing to previous years. Da Afghanistan Bank (DAB) governor, Khalilullah Siddique, told a press conference that as a result of the increment in the…
KABUL’s economic reforms, the Ministry of Finance said on Wednesday. The ministry in a statement said the IMF team assessed the increase in government revenue, the development of banking system and financial record and advised the Afghan government to take…
