The International Monetary Fund, IMF has sanctioned 18.2 million dollar disbursement to Afghanistan. A press release issued by the IMF said, the executive board approved the amount after reviewing the economic performance of Afghanistan. It observed that Afghanistan has begun a transition toward greater macro economic stability and self-reliance in a very difficult environment. Under the IMF-supported economic program the Afghan authorities are pursuing important structural reforms. It further said that the IMF program in Afghanistan will continue to focus on safeguarding the financial sector, strengthening economic governance, and moving toward fiscal sustainability. The IMF had suspended the Afghan loan program in 2010 after reports of corruption, bad loans, and the mismanagement at Kabul Bank.
News On AIR | July 3, 2012 9:23 AM
IMF sanctions 18.2million dollar disbursement for Afghanistan