The International Monetary Fund (IMF) Commends Budgetary, Financial and Banking Reforms Actually Implemented

H.E. Eklil Hakimi, Minister of Finance, during his official visits to Azerbaijan, met with representatives of the International Monetary Fund (IMF)  where Mr. Khalilullah Sidiq, governor of Da Afghanistan Bank and his colleagues in Ministry of Finance were present, to conclude the third review mission's assessment of the "Extended Credit Facility" Program for Afghanistan.
Afghanistan achieved all structural benchmarks, performance criteria, growth and reforms in financial and economic sector of the country, strengthening private sector, exchange rate and indicative targets set by late 2017. The recent commitments are on track to be achieved on time.
 The IMF welcomed development budget execution and revenue collection in 1396 and noticed that FY-1397 national budget with a three year projections of revenues and expenditures, provides information on budget balance in provinces, national mega projects and fiscal risks. It allocates all funds in line with actual spending by ministries, stops carry- over of unspent funds, and reduces unallocated contingency budgets.