Islamic State of Afghanistan; 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Islamic State of Afghanistan

The authorities have made solid progress in rebuilding institutions and implementing sound economic policies, although huge challenges still remain. The IMF has been providing extensive policy advice and technical assistance to the authorities. With the help of the international community, the authorities have made impressive strides in rebuilding institutions and implementing sound economic policies. The economic recovery is strong, but comes from a very low level. Preliminary data suggest that expenditures were again off to a slow start in 2003/04.