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Afghanistan - Promoting Economic Growth and Fiscal Sustainability Programmatic Development Policy Series Project (Inglês)

Afghanistan is undergoing a major security and political transition. At the Kabul and Lisbon Conferences in 2010, the North Atlantic Treaty Organization (NATO) and the Afghan government agreed that full responsibility for security would be handed over by 2014. The country now faces the prospect of a drawdown of most international military forces that so far have supported the fight against the ongoing insurgency. At the same time, Afghanistan is gearing up for a presidential election in April 2014 which many anticipate to be a difficult process given the complex political environment and challenging logistics. Despite these steps, Afghanistan will need to rely heavily on donor financing to ensure the continued provision of public services and investment through the transition period. At the request of the authorities, this Development Policy Grant (DPG) series is designed to support the government's strategy for developing greater economic and fiscal self-reliance. The reform program is ambitious, especially in light of the upcoming elections, but it is strongly supported by the government, key stakeholders and donors. This program document describes the first in a series of two programmatic grants to Afghanistan. The first operation is in the amount of US$50 million, out of US$100 million for the programmatic series. A programmatic approach is proposed to carry on reform momentum and strengthen reform incentives during times in which political incentives for reforms are typically low due to upcoming election. Moreover, lessons from other operations in Afghanistan favor a carefully sequenced and continuous reform-approach.


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    Afghanistan - Promoting Economic Growth and Fiscal Sustainability Programmatic Development Policy Series Project

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    International Organization of Supreme Audit Institutions;Strategic Environmental and Social Assessment;sustainable development of natural resources;poverty and social impact analysis;Public Expenditure and Financial Accountability;Automated System for Customs Data;Environmental and Social Impact Assessment;Public Financial Management;Analytical and Advisory Activities;Land Administration and Management;domestic revenue;annual population growth rate;information and communication technology;labor market every year;tax and customs administration;public financial management system;Mining;Fiscal Sustainability;real gdp;current account deficit;current account balance;social and environmental;international military force;improvement in governance;customs revenue;security situation;fiscal revenue;acceleration in inflation;category of revenue;increase tariff;responsibility for security;foreign aid inflow;financial sector performance;short of target;foreign direct investment;Internally Displaced People;internet service provider;loss of confidence;Computable General Equilibrium;consumer price inflation;value added tax;investments in agriculture;total public debt;impact of mine;investment in mining;development of market;rural labor force;employment in agriculture;source of income;source income;transfer power;operations and maintenance;increase in expenditure;total government spending;natural resource abundance;implementation of reform;total debt stock;macroeconomic policy framework;tight monetary stance;civilian wage bill;delivery of service;land management system;information & communication;public external debt;risk of debt;long-term fiscal sustainability;constant exchange rate;high poverty rate;Civil Service Reform;risk of corruption;decline in revenue;debt management issue;political economy environment;horticulture and livestock;domestic revenue mobilization;loss of competitiveness;domestic revenue generation;aid per capita;foreign aid disbursement;decades of war;official development aid;public finance;security spending;transition period;Exchange Rates;transition process;Macroeconomic Stability;Public Services;inclusive growth;security environment;aid flow;Economic Management;trade balance;customs reform;private investment;fiduciary risk;Public Spending;life expectancy;present value;adjustment process;human capital;rural area;security risk;political uncertainty;political campaign;rent seeking;institutional framework;agricultural output;human rights;international community;young people;opium production;budget operations;broad money;legislative action;cash management;agricultural growth;institution building;grant financing;material need;large-scale investment;debt profile;capital account;expenditure increase;high security;debt relief;investment operation;failure risk;baseline scenario;construction sector;investor confidence;mineral deposit;financing need;donor meeting;project financing;oil field;satisfactory progress;iron mine;foreign assistance;trade deficit;tax base;donor pledge;agriculture sector;Capital Investments;copper mine;governance reform;private market;donor community;job opportunities;social stability;effective governance;increase productivity;financial sustainability;financial reform;budget revenue;good governance;strategic objective;mining law;civil society;job opportunity;consultation process;fiscal gap;fiscal deficit;fiscal regime;operational budget;stated objective;small family;debt burden;donor support;international aid;increased demand;retail service;international service;investment climate;export capacity;criminal group;sensitivity analysis;relative price;cash crop;export value;total employment;rural economy;government payroll;project revenue;fiscal finance;mobile telephone;binding constraint;positive spillover;Infant Mortality;absorption capacity;demand deposit;regulatory oversight;Banking Law;risk perception;military assistance;commercial loan;fiscal performance;agricultural production;small country;annex annex



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