KABUL, Dec. 11 (Xinhua) -- The International Monetary Fund (IMF) praised the Afghan government's progress in economic and financial reforms and the pursuit of self-reliance despite continued challenges, Afghan Ministry of Finance reported on its website Tuesday.
The executive board of the IMF completed the fourth review of the arrangement under the Extended Credit Facility (ECF) for Afghanistan, the ministry said in a statement.
"After evaluating the commitments, in the fourth review, the Executive Board of IMF called the Afghan government's economic and financial reforms successful and has extended the ECF program until the end of FY-1398," Afghan Chief Presidential Adviser Mohammad Humayon Qayoumi was quoted in the statement as saying.
The 1398 fiscal year began on Dec. 22, 2018, and ends on Dec. 21, 2019.
"I am very pleased that, despite the challenges drought and security, Afghan government has managed to fulfill its reform programs and commitments," he added.
"Successfully completing each review, Afghanistan will be able to receive 6.2 million U.S. dollars from the fund. After completing the fourth review Afghanistan has managed to receive 24.8 million U.S. dollars to date," Qayoumi stated.
During the IMF fourth review, indicators of Afghan domestic revenue collection, reform in national budget preparation, maintaining financial stability and economic growth, inflation rate, national currency reserves, anti-graft efforts, and financial system have been evaluated, according to the statement.
