Afghanistan Economic Update, April 2013
One year into the transition process, Afghanistan sustains robust economic growth. An exceptional harvest, supported by the launch of first large-scale mining activities, increased real gross domestic product (GDP) growth from 7.3 percent to an est...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/04/17659303/afghanistan-economic-update http://hdl.handle.net/10986/16510 |
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okr-10986-16510 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
ACCESS TO FINANCE ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE PROCEDURES ADVICE TO GOVERNMENT ADVISORY SERVICES AGRICULTURAL OUTPUT AGRICULTURAL SECTOR AGRICULTURE ASSETS AUCTIONS AUDITS BALANCE OF PAYMENTS BANK FINANCING BANK LENDING BANKING LAW BANKING SECTOR BANKING SYSTEM BANKRUPTCY BENCHMARKS BID BINDING CONSTRAINT BRANCH NETWORK BROAD MONEY BUSINESS CONFIDENCE CAPACITY BUILDING CAPITAL INFLOWS CAPITAL STOCK CENTRAL BANK CIVIL SERVICE COMMERCIAL BANK COMMERCIAL LOAN COMMERCIAL LOANS COMMODITY PRICE COMMODITY PRICES CONSOLIDATION CONSUMER CONFIDENCE CORRUPTION CPI CREDIT ANALYSIS CREDITS CROWDING OUT CURRENCY CURRENT ACCOUNT DEBT STOCK DECISION MAKING DEPOSIT DEPOSIT LIABILITIES DEPOSITS DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGY DONOR FUNDING ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC AGENTS ECONOMIC ANALYSIS ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC OUTLOOK ECONOMIC REFORMS ECONOMIC SECTOR WORK ECONOMICS EDUCATION LEVELS ELECTRONIC PAYMENT ELECTRONIC PAYMENT SYSTEM EMPLOYMENT ENROLLMENT ENVIRONMENTAL EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPLOITATIONS EXPORT EARNINGS EXPORTER EXPORTS EXTERNAL DEBT FAMILIES FAMILY BUSINESSES FARMERS FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCING NEED FINANCING NEEDS FISCAL DEFICIT FIXED INVESTMENT FLOATING EXCHANGE RATE FORECASTS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RESERVES GDP PER CAPITA GOVERNMENT BUDGET GOVERNMENT FINANCE GOVERNMENT INVESTMENTS GOVERNMENT SPENDING GREEN REVOLUTION GUARANTEE AGENCY HOLDINGS HOUSEHOLDS HUMAN CAPITAL INCOME GROWTH INFLATION INTERNAL CONTROLS INTERNATIONAL BANKS INTERNATIONAL DEVELOPMENT INTERNATIONAL DEVELOPMENTS INTERNATIONAL FINANCE INTERNATIONAL RESERVES INVESTMENT CLIMATE INVESTMENT FINANCING INVESTMENT PORTFOLIO INVESTMENT VOLUME ISLAMIC BANKING JUDICIAL REFORM LABOR FORCE LABOR MARKET LACK OF INFORMATION LOAN PORTFOLIO LOAN-TO-DEPOSIT RATIO LOCAL CURRENCY LOCAL ECONOMY LOSS OF CONFIDENCE M2 MANDATES MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MINES MONETARY CONTROL NATIONAL INCOME NATIONAL SECURITY NATURAL RESOURCES OIL OPEN MARKET OPEN MARKET OPERATIONS OPERATING EXPENDITURES OUTREACH OUTSTANDING LOANS PHYSICAL CAPITAL PLEDGES POLITICAL ECONOMY POPULATION GROWTH PRIVATE INVESTMENT PRIVATIZATION PRODUCTION CAPACITY PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENTS PUBLIC SERVICE PROVISION PUBLIC SPENDING RATE OF RETURN REAL GDP REAL SECTOR REGULATORY OVERSIGHT REMITTANCE RESERVE RESERVES REVENUE MOBILIZATION RISK PERCEPTION RULE OF LAW RURAL ACCESS SOURCE OF INCOME SUPPLY CHAINS SUSTAINABLE GROWTH TAX TAX POLICY TAX REVENUE TECHNICAL ASSISTANCE TELECOMMUNICATIONS TERMS OF TRADE TOTAL DEBT TRADE BALANCE TRADE DEFICIT TRADING TRANSPARENCY TREATY TRUST FUND URBAN DEVELOPMENT WAGES WHOLESALE PRICES WITHDRAWAL |
| spellingShingle |
ACCESS TO FINANCE ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE PROCEDURES ADVICE TO GOVERNMENT ADVISORY SERVICES AGRICULTURAL OUTPUT AGRICULTURAL SECTOR AGRICULTURE ASSETS AUCTIONS AUDITS BALANCE OF PAYMENTS BANK FINANCING BANK LENDING BANKING LAW BANKING SECTOR BANKING SYSTEM BANKRUPTCY BENCHMARKS BID BINDING CONSTRAINT BRANCH NETWORK BROAD MONEY BUSINESS CONFIDENCE CAPACITY BUILDING CAPITAL INFLOWS CAPITAL STOCK CENTRAL BANK CIVIL SERVICE COMMERCIAL BANK COMMERCIAL LOAN COMMERCIAL LOANS COMMODITY PRICE COMMODITY PRICES CONSOLIDATION CONSUMER CONFIDENCE CORRUPTION CPI CREDIT ANALYSIS CREDITS CROWDING OUT CURRENCY CURRENT ACCOUNT DEBT STOCK DECISION MAKING DEPOSIT DEPOSIT LIABILITIES DEPOSITS DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGY DONOR FUNDING ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC AGENTS ECONOMIC ANALYSIS ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC OUTLOOK ECONOMIC REFORMS ECONOMIC SECTOR WORK ECONOMICS EDUCATION LEVELS ELECTRONIC PAYMENT ELECTRONIC PAYMENT SYSTEM EMPLOYMENT ENROLLMENT ENVIRONMENTAL EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPLOITATIONS EXPORT EARNINGS EXPORTER EXPORTS EXTERNAL DEBT FAMILIES FAMILY BUSINESSES FARMERS FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCING NEED FINANCING NEEDS FISCAL DEFICIT FIXED INVESTMENT FLOATING EXCHANGE RATE FORECASTS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RESERVES GDP PER CAPITA GOVERNMENT BUDGET GOVERNMENT FINANCE GOVERNMENT INVESTMENTS GOVERNMENT SPENDING GREEN REVOLUTION GUARANTEE AGENCY HOLDINGS HOUSEHOLDS HUMAN CAPITAL INCOME GROWTH INFLATION INTERNAL CONTROLS INTERNATIONAL BANKS INTERNATIONAL DEVELOPMENT INTERNATIONAL DEVELOPMENTS INTERNATIONAL FINANCE INTERNATIONAL RESERVES INVESTMENT CLIMATE INVESTMENT FINANCING INVESTMENT PORTFOLIO INVESTMENT VOLUME ISLAMIC BANKING JUDICIAL REFORM LABOR FORCE LABOR MARKET LACK OF INFORMATION LOAN PORTFOLIO LOAN-TO-DEPOSIT RATIO LOCAL CURRENCY LOCAL ECONOMY LOSS OF CONFIDENCE M2 MANDATES MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MINES MONETARY CONTROL NATIONAL INCOME NATIONAL SECURITY NATURAL RESOURCES OIL OPEN MARKET OPEN MARKET OPERATIONS OPERATING EXPENDITURES OUTREACH OUTSTANDING LOANS PHYSICAL CAPITAL PLEDGES POLITICAL ECONOMY POPULATION GROWTH PRIVATE INVESTMENT PRIVATIZATION PRODUCTION CAPACITY PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENTS PUBLIC SERVICE PROVISION PUBLIC SPENDING RATE OF RETURN REAL GDP REAL SECTOR REGULATORY OVERSIGHT REMITTANCE RESERVE RESERVES REVENUE MOBILIZATION RISK PERCEPTION RULE OF LAW RURAL ACCESS SOURCE OF INCOME SUPPLY CHAINS SUSTAINABLE GROWTH TAX TAX POLICY TAX REVENUE TECHNICAL ASSISTANCE TELECOMMUNICATIONS TERMS OF TRADE TOTAL DEBT TRADE BALANCE TRADE DEFICIT TRADING TRANSPARENCY TREATY TRUST FUND URBAN DEVELOPMENT WAGES WHOLESALE PRICES WITHDRAWAL Nassif, Claudia Joya, Omar Sidonie Jaffrin, Guillemette Afghanistan Economic Update, April 2013 |
| geographic_facet |
South Asia Afghanistan |
| description |
One year into the transition process,
Afghanistan sustains robust economic growth. An exceptional
harvest, supported by the launch of first large-scale mining
activities, increased real gross domestic product (GDP)
growth from 7.3 percent to an estimated 11.8 percent in
2012. Inflation dropped to 6.4 percent and continuing high
levels of aid helped to build up further international
reserves. The medium-term outlook is tainted by uncertainty.
Political and security uncertainties are expected to limit
private-sector growth in the coming years. Increased public
spending, however, will continue to fuel demand for services
and construction through 2013. The transition process
exposes Afghanistan to a number of serious risks, such as
rising financing for public service provision. Security
considerations aside, promoting sources of inclusive
economic growth, especially agriculture, and strengthening
domestic revenue mobilization will be important to mitigate
some of these risks. In particular, a stronger reform effort
in areas such as tax policy and customs is required to
safeguard past gains in development. Finally, improvements
in the legal and regulatory environment of mining could help
to secure planned investment. |
| format |
Publications & Research :: Working Paper |
| author |
Nassif, Claudia Joya, Omar Sidonie Jaffrin, Guillemette |
| author_facet |
Nassif, Claudia Joya, Omar Sidonie Jaffrin, Guillemette |
| author_sort |
Nassif, Claudia |
| title |
Afghanistan Economic Update, April 2013 |
| title_short |
Afghanistan Economic Update, April 2013 |
| title_full |
Afghanistan Economic Update, April 2013 |
| title_fullStr |
Afghanistan Economic Update, April 2013 |
| title_full_unstemmed |
Afghanistan Economic Update, April 2013 |
| title_sort |
afghanistan economic update, april 2013 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/04/17659303/afghanistan-economic-update http://hdl.handle.net/10986/16510 |
| _version_ |
1764434193768513536 |
| spelling |
okr-10986-165102021-04-23T14:03:31Z Afghanistan Economic Update, April 2013 Nassif, Claudia Joya, Omar Sidonie Jaffrin, Guillemette ACCESS TO FINANCE ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE PROCEDURES ADVICE TO GOVERNMENT ADVISORY SERVICES AGRICULTURAL OUTPUT AGRICULTURAL SECTOR AGRICULTURE ASSETS AUCTIONS AUDITS BALANCE OF PAYMENTS BANK FINANCING BANK LENDING BANKING LAW BANKING SECTOR BANKING SYSTEM BANKRUPTCY BENCHMARKS BID BINDING CONSTRAINT BRANCH NETWORK BROAD MONEY BUSINESS CONFIDENCE CAPACITY BUILDING CAPITAL INFLOWS CAPITAL STOCK CENTRAL BANK CIVIL SERVICE COMMERCIAL BANK COMMERCIAL LOAN COMMERCIAL LOANS COMMODITY PRICE COMMODITY PRICES CONSOLIDATION CONSUMER CONFIDENCE CORRUPTION CPI CREDIT ANALYSIS CREDITS CROWDING OUT CURRENCY CURRENT ACCOUNT DEBT STOCK DECISION MAKING DEPOSIT DEPOSIT LIABILITIES DEPOSITS DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGY DONOR FUNDING ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC AGENTS ECONOMIC ANALYSIS ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC OUTLOOK ECONOMIC REFORMS ECONOMIC SECTOR WORK ECONOMICS EDUCATION LEVELS ELECTRONIC PAYMENT ELECTRONIC PAYMENT SYSTEM EMPLOYMENT ENROLLMENT ENVIRONMENTAL EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPLOITATIONS EXPORT EARNINGS EXPORTER EXPORTS EXTERNAL DEBT FAMILIES FAMILY BUSINESSES FARMERS FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCING NEED FINANCING NEEDS FISCAL DEFICIT FIXED INVESTMENT FLOATING EXCHANGE RATE FORECASTS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RESERVES GDP PER CAPITA GOVERNMENT BUDGET GOVERNMENT FINANCE GOVERNMENT INVESTMENTS GOVERNMENT SPENDING GREEN REVOLUTION GUARANTEE AGENCY HOLDINGS HOUSEHOLDS HUMAN CAPITAL INCOME GROWTH INFLATION INTERNAL CONTROLS INTERNATIONAL BANKS INTERNATIONAL DEVELOPMENT INTERNATIONAL DEVELOPMENTS INTERNATIONAL FINANCE INTERNATIONAL RESERVES INVESTMENT CLIMATE INVESTMENT FINANCING INVESTMENT PORTFOLIO INVESTMENT VOLUME ISLAMIC BANKING JUDICIAL REFORM LABOR FORCE LABOR MARKET LACK OF INFORMATION LOAN PORTFOLIO LOAN-TO-DEPOSIT RATIO LOCAL CURRENCY LOCAL ECONOMY LOSS OF CONFIDENCE M2 MANDATES MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MINES MONETARY CONTROL NATIONAL INCOME NATIONAL SECURITY NATURAL RESOURCES OIL OPEN MARKET OPEN MARKET OPERATIONS OPERATING EXPENDITURES OUTREACH OUTSTANDING LOANS PHYSICAL CAPITAL PLEDGES POLITICAL ECONOMY POPULATION GROWTH PRIVATE INVESTMENT PRIVATIZATION PRODUCTION CAPACITY PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENTS PUBLIC SERVICE PROVISION PUBLIC SPENDING RATE OF RETURN REAL GDP REAL SECTOR REGULATORY OVERSIGHT REMITTANCE RESERVE RESERVES REVENUE MOBILIZATION RISK PERCEPTION RULE OF LAW RURAL ACCESS SOURCE OF INCOME SUPPLY CHAINS SUSTAINABLE GROWTH TAX TAX POLICY TAX REVENUE TECHNICAL ASSISTANCE TELECOMMUNICATIONS TERMS OF TRADE TOTAL DEBT TRADE BALANCE TRADE DEFICIT TRADING TRANSPARENCY TREATY TRUST FUND URBAN DEVELOPMENT WAGES WHOLESALE PRICES WITHDRAWAL One year into the transition process, Afghanistan sustains robust economic growth. An exceptional harvest, supported by the launch of first large-scale mining activities, increased real gross domestic product (GDP) growth from 7.3 percent to an estimated 11.8 percent in 2012. Inflation dropped to 6.4 percent and continuing high levels of aid helped to build up further international reserves. The medium-term outlook is tainted by uncertainty. Political and security uncertainties are expected to limit private-sector growth in the coming years. Increased public spending, however, will continue to fuel demand for services and construction through 2013. The transition process exposes Afghanistan to a number of serious risks, such as rising financing for public service provision. Security considerations aside, promoting sources of inclusive economic growth, especially agriculture, and strengthening domestic revenue mobilization will be important to mitigate some of these risks. In particular, a stronger reform effort in areas such as tax policy and customs is required to safeguard past gains in development. Finally, improvements in the legal and regulatory environment of mining could help to secure planned investment. 2014-01-06T23:47:55Z 2014-01-06T23:47:55Z 2013-04 http://documents.worldbank.org/curated/en/2013/04/17659303/afghanistan-economic-update http://hdl.handle.net/10986/16510 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research South Asia Afghanistan |