IMF Executive Board Praises Afghanistan Steps toward Economic Reforms

superadmin
Thu, Jan 01 1970 5:03 AM
IMF Executive Board Praises Afghanistan Steps toward Economic Reforms

DAB's Senior Management held a press conference on Successful Completion of the Second Assessment of Joint Economic Reforms Program between Afghanistan and IMF on December 10, 2017.

Da Afghanistan Bank Governor Mr. Khalil Sidiq said that the Central Bank of Afghanistan, ministry of finance and the government of Afghanistan as whole have been successful in achieving all quantitative objectives covering the stability of macroeconomic such as curbing inflation, revenue collection, maintaining currency reserves, controlling monetary aggregates, structural reforms, strengthening banking system. Meanwhile, developing regulatory framework for banks, fostering the regime of anti money laundering and financing terrorism and other related objectives determined under ECF program were also part of the objectives. The mentioned achievements were approved and welcomed by IMF's authorities.

Mr. Sidiq has also added that besides aforementioned achievements, the Central Bank of Afghanistan, by taking appropriate actions and policies in respect to controlling domestic prices and curbing inflation, has been well-performed as the inflation rate was reported at 3.77 percent in the country, while this figure is in a satisfied level against regional countries. The inflation rate for Iran registered at 15 percent and for Pakistan it is reported at 7.9 percent. This means the Central Bank of Afghanistan has successfully performed its duties in all aspects.

Latest news

Thu, Aug 22 2019 9:37 AM
Background image

Signing of financial information exchange agreement with Bank of Negara

In accordance with article 31 of Anti-money Laundering and Proceeds of Crime Law of Afghanistan, DAB has signed the memorandum of understanding (MoU) with financial intelligence unit of. . .

Mon, Aug 05 2019 10:38 AM
Background image

Meeting was Held on Development of Financial Access

The acting Governor and the First Deputy Governor of Da Afghanistan Bank Mr. Wahedullah Nosher spoke about financial inclusion in a meeting held in the United Nation’s agency office in. . .

Mon, Jul 22 2019 10:15 AM
Background image

Afghan Delegation Met IMF Representative

The latest alternate meeting between DAB, finance ministry and IMF representative was held on July 10-15 in Georgia. The meeting was conducted to assess DAB and finance ministry’s. . .

BACK TO NEWS