Afghan failure to meet IMF target casts doubt on debt relief: a report
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LONDON, April 2 (APP) - The influential British daily Financial Times reported that the United Nations International development aid and debt relief for Afghanistan was launched in doubt, the country ‘ not in the spotlight, which has an agreement with the International Monetary Fund and warnings that their three year for the development of the master plan could be denied. According to the document, the Afghan Finance Minister Anwar-ul-Haq Ahady last week to all donors admitted that the government had failed him, a target agreed with the IMF, to increase by $ 715m and taxation . With only 8.2% of gross domestic product, the goal of economists was described as “ambitious”. At the same time, the paper said that the World Bank and other donors have said that the government, that the latest draft of the Afghan National Development Strategy, a document in which the future funding of relief and the debt is linked, is so poor that they Rejected, if in its present form. Kabul’s failure to comply with the objective of tax revenue, and the risk that it is not possible to reach a development strategy have serious consequences for the future financing and the international $ 10.6bn cancellation debt, it currently enjoys by the IMF-backed Heavily Indebted Poor Countries Initiative. The government has nearly three years of planning and development, at least 15 million dollars from donors to support its preparation. Western observers in Kabul have kaustische on the issues it as “the most expensive worldwide to the strategy of poverty reduction”. The document has been criticized, because they are heavy, with the specifics and without freedom of assembly, market principles with more uncomfortable statistical goals. The World Bank said, the plan has not yet been rejected, and I saw that we on the complete document - but that the weather was a little less. A Ministry of Finance, the team took over the project in an attempt to implement a document before a donors’ conference in Paris in June, if the international community expects that the future course of their duty . The hope was that the situation would be the use of existing as a strategy document for the basis of future donations. Under the terms of the agreement with the IMF, in Afghanistan must be a strategy to reduce poverty that has enveloped in its National Development Strategy - acceptable to the Fund. At the same time, in Afghanistan must comply with other obligations, including a gradual increase in the tax, in order to reduce dependence on aid. Ahady donors in Kabul, said last week that the government below the target of $ 715m above $ 50 because the political turmoil in neighbouring countries, Pakistan reduced turnover customs on imports Afghanistan. But members of the international community, have raised the issue of the declaration. An IMF team with a visit this month, it is necessary to decide if he was guilty, in Kabul, and may recommend that Afghanistan is debt relief stripped facility. |