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IMF completes 5th review of Afghanistan economic, financial reforms

KABUL: Dr. Mohammad Humayon Qayoumi, Acting Minister of Finance and Chief Advisor on Infrastructure to the President, on his official visit to United Arab Emirates, met with International Monetary Fund (IMF) technical team led by Christoph Duenwald in Dubai, a statement from the Ministry of Finance said yesterday, adding in the meeting, both sides discussed completion of IMF 5th review under ECF arrangements.
The IMF executive board commended the Afghan Government indicators in the areas of economic reforms, management and financial sector reforms, GDP growth, prudent macroeconomic management and achieving progress under challenging circumstances and industrial sector’s performance, the statement said.
The IMF mission is going to share its report with IMF executive board in late May 2019 and will provide more than $ 6 million incentive fund to Government of Afghanistan for its financial and economic reform efforts, the statement added.”By receiving the fund, the total incentive fund of government will be $ 27 million,” the statement concluded as saying.
“The IMF remains a key partner to Afghanistan, including through technical assistance and training. We will continue to actively engage in a dialogue with the authorities on their reform program with the aim of maintaining macro-financial stability, reinvigorating growth, and building a healthy economy to benefit all Afghans,” the IMF said in a report.

The Kabul Times

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The Kabul Times.