IMF praises Afghan government reforms, renews aid

Salaam Times

KABUL -- The International Monetary Fund (IMF) has praised the Afghan government's efforts to enact structural reforms and become self-reliant despite ongoing challenges, Pajhwok Afghan News reported Tuesday (December 12).

The IMF completed the second review of Afghanistan's arrangement under the Extended Credit Facility (ECF), Ajmal Hameed Abdulrahimzai, spokesperson for the Ministry of Finance, said in a press conference Tuesday in Kabul.

An IMF assessment report released Friday (December 8) commended Afghan authorities for their commitment to fostering inclusive economic growth, improving job opportunities and reducing aid dependency.

The IMF complimented the Afghan government for "maintaining financial stability, economic growth, macroeconomic stability, and implementation of reforms in the financial sector [and] increased anti-corruption steps," said Abdulrahimzai.

The completion of the review allows for a disbursement of about $6.2 million (426 million AFN) in aid, bringing total disbursements under the ECF to about $18.6 million (1.2 billion AFN), according to an IMF statement.

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