IMF to approve $147M Extended Credibility Facility arrangement to support Afghanistan


(MENAFN- Khaama Press)

    Afghanistan Central Bank (Da Afghanistan Bank) on Thursday said that the International Monitory Fund (IMF) following the assessment of financial and economic reforms, has committed to providing 147 million dollars of aid funds to Afghanistan.

    Based on a released reform assessment report on the financial and economic condition of Afghanistan, IMF reported the assessment completion of the first round of the new program Extension of Credit Facilities (EFC) for Afghanistan and encouraged the program to be successful.

    The assessment will be presented to the executive board of IMF for further review in June of the current year, it will include 147 million dollars of donated funds to the Afghan government.

    IMF assessment team will be discussing the expansion of structural economic reform with the Afghan officials, the team also appreciated the implementation of management activities and economical programs in the ongoing challenging conditions, especially during the Pandemic.

    The team also indicated positive improvements on sustainable financial system of Afghanistan.

    Meanwhile, Ajmal Ahmadi acting Director of Central Bank expressed his gratitude for a successful evaluation of the financial and economical reforms of Afghanistan.

    Ahmadi stressed his commitment and struggle over the sustainable economy, financial and banking system reforms, increase in savings, fight against financial crimes like money laundering, fight against corruption, and clearing the coast for more job opportunities.

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