IMF and Afghan Authorities Reached Staff-level Agreement on Completion of the Fifth Review under ECF Arrangement

Mpoya
Sat, Apr 06 2019 11:07 AM
IMF and Afghan Authorities Reached Staff-level Agreement on Completion of the Fifth Review under ECF Arrangement

A delegation led by Da Afghanistan Bank Governor Khalil Sediq met with IMF representatives in Dubai on 18 and 19th of March and discussed on successful completion of fifth round of extended credit facility (ECF) program.

Besides confirming the fifth review under ECF, IMF representatives talked on economic developments, especially quantitative objectives focused on strengthening of macroeconomic stability, assessment of structural reforms aimed at fostering financial and banking systems as well as strengthening of private sector, evaluation of macroeconomic indicators and variables such as inflation rate, balance of payments, economic development and FX reserves, and lauded Da Afghanistan Bank over the successful completion of fifth round of ECF program. The IMF delegation will share their review report with IMF’s executive board which upon the approval of the review, US$ 6.1 million will be paid to the government of Afghanistan as motivational fund for its actions towards financial and economic reforms.

It is important to note here that, alongside DAB delegation, a finance ministry delegation led by acting minister Prof. Humayun Qayumi and IMF’s Country Director for Afghanistan Christoph Dunnwald with accompanying delegation were also present during this meeting.  

Latest news

Sun, Apr 21 2019 11:43 AM
Background image

Da Afghanistan Bank Rejects the News of Bitcoin Bonds Issue

April 20 – Most recently, a number of world news agencies citing Da Afghanistan Bank Governor Mr. Khalil Sediq, have revealed that the bank intends to issue Bitcoin bonds.

Da. . .

Tue, Apr 16 2019 3:28 PM
Background image

DAB Governor Participates in IMF’s Spring Meetings

April 2019 – Da Afghanistan Bank Governor Mr. Khalil Sediq and accompanying delegation participated in IMF’s spring meetings and its subordinate meetings.

IMF’s Spring Meetings, held. . .

Sat, Apr 06 2019 11:13 AM
Background image

Afghanistan’s Central banker Counts on bright future

April: 01/04/2019

the Banker

Despite the social and economic challenges Afghanistan faces, Khalil Sediq, the governor of Da Afghanistan Bank, is optimistic about the future of the. . .

BACK TO NEWS