1st Round of Evaluation for IMF’s Credit Facilitation Program Completed

Kabul: The Bank of Afghanistan (Da Afghanistan Bank) is likely to receive 7 million in help from the International Monetary Fund (IMF), following the IMF’s Executive Board assessment in June this year.
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The development comes as the IMF successfully announced the completion of the first round of evaluation of the new Evaluation of Credit Facilitation (ECF) program for Afghanistan as per a report released on Thursday by the central bank states.

A report on these assessments will be submitted to the IMF Executive Board in June this year. According to the statement, the IMF assessment team discussed the fulfillment of Afghanistan’s commitment to structural reforms in the country’s economy with Afghan officials.

The assessment team welcomed Afghanistan’s performance in managing economic programs in the “current challenging” context, as well as advances in strengthening Afghanistan’s financial system.

“Afghanistan is committed to macroeconomic stability, financial and banking sector reform, the effective management and increase of foreign exchange reserves, the fight against financial crime, money laundering and the financing of terrorism,” the central bank said in a statement, quoting Ajmal Ahmadi, the Acting head of the bank.

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Latest from Newsfeed; Thursday, April 15 2021