Afghanistan Economic Update, October 2013
Uncertainty surrounding the political and security transition in Afghanistan has led to a slowdown in economic growth in 2013, following strong growth in 2012. After a decade of strong fiscal performance, revenue collection has weakened in 2013, po...
| Main Authors: | , |
|---|---|
| Format: | Economic Updates and Modeling |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/10/18433329/afghanistan-economic-update-poverty-reduction-economic-management http://hdl.handle.net/10986/16656 |
| id |
okr-10986-16656 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO FINANCE ACCOUNTING ADMINISTRATIVE BURDEN ADVICE TO GOVERNMENT ADVISORY SERVICES AGRICULTURAL PRODUCTION AGRICULTURAL SECTOR AGRICULTURAL SECTORS AGRICULTURE AID DEPENDENT AUDITS BANK FINANCING BANK POLICY BANKING LAW BANKING SECTOR BINDING CONSTRAINT BROAD MONEY CAPACITY DEVELOPMENT CAPITAL FLIGHT CAPITAL FORMATION CAPITAL INFLOWS COLLATERAL COLLATERAL REGISTRY COMMERCIAL BANKS COMMODITY COMMODITY PRICES CONSUMER SPENDING CONTRACT ENFORCEMENT CORRUPTION CPI CREDIT BUREAU CREDITS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT DECISION MAKING DEMOGRAPHIC DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT POLICY DEVELOPMENT STRATEGY DOMESTIC INVESTORS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC OUTLOOK ECONOMIC SECTOR WORK ECONOMICS EDUCATION SYSTEM EMPIRICAL EVIDENCE ENABLING ENVIRONMENT ENROLLMENT ENVIRONMENTAL ENVIRONMENTAL BENEFITS EXPENDITURE EXPENDITURES EXPORTER EXPORTS EXPOSURE EXTERNAL DEBT EXTERNAL TRADE EXTERNALITIES FAMILIES FAMILY BUSINESSES FARMERS FINANCE CORPORATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL MARKETS DEVELOPMENT FINANCIAL SECTOR FINANCIAL SECTORS FINANCING NEEDS FIXED CAPITAL FLEXIBLE EXCHANGE RATE FOOD PRICE FOOD PRICES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FIRMS GDP GDP PER CAPITA GOOD GOVERNANCE GOVERNMENT FINANCE GOVERNMENT INVESTMENTS GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES GUARANTEE AGENCY HUMAN CAPITAL INCOME INCOME TAX INCOMES INFLATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL RESERVES INTERNATIONAL SECURITY INVENTORIES INVESTMENT CLIMATE INVESTMENT PORTFOLIO INVESTOR CONFIDENCE JOB CREATION LABOR FORCE LABOR MARKET LEGISLATIVE FRAMEWORK LOAN LOAN-TO-DEPOSIT RATIO LOCAL CURRENCY M2 MATURITY MINES MONEY GROWTH NATURAL RESOURCE NATURAL RESOURCES NEW COMPANIES OIL OPEN MARKET OPEN MARKET OPERATIONS OUTPUT OUTPUTS OUTREACH PENSION PHYSICAL CAPITAL PLEDGES POLICY DECISIONS POLITICAL ECONOMY POLITICAL UNCERTAINTY PORTFOLIO PRICE INCREASES PRIVATE INVESTMENT PRIVATE SECTOR DEVELOPMENT PROFITABILITY PROPERTY TAX PUBLIC CREDIT PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC POLICIES PUBLIC POLICY RAPID EXPANSION RATE OF RETURN REAL ESTATE REAL GDP REFORM PROGRAM REGIONAL INTEGRATION REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY OVERSIGHT RESERVE RISK MANAGEMENT RISK PERCEPTION RULE OF LAW RURAL ACCESS SAFETY NET SUPPLY CHAINS SUSTAINABLE DEVELOPMENT TAX TAX CODE TAX INCENTIVES TAX RATE TAX RATES TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADING TRANSPARENCY TRANSPARENT PROCESSES TRANSPORTATION SERVICES TRUST FUND VALUATION VALUE ADDED VOLATILITY WITHDRAWAL |
| spellingShingle |
ACCESS TO FINANCE ACCOUNTING ADMINISTRATIVE BURDEN ADVICE TO GOVERNMENT ADVISORY SERVICES AGRICULTURAL PRODUCTION AGRICULTURAL SECTOR AGRICULTURAL SECTORS AGRICULTURE AID DEPENDENT AUDITS BANK FINANCING BANK POLICY BANKING LAW BANKING SECTOR BINDING CONSTRAINT BROAD MONEY CAPACITY DEVELOPMENT CAPITAL FLIGHT CAPITAL FORMATION CAPITAL INFLOWS COLLATERAL COLLATERAL REGISTRY COMMERCIAL BANKS COMMODITY COMMODITY PRICES CONSUMER SPENDING CONTRACT ENFORCEMENT CORRUPTION CPI CREDIT BUREAU CREDITS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT DECISION MAKING DEMOGRAPHIC DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT POLICY DEVELOPMENT STRATEGY DOMESTIC INVESTORS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC OUTLOOK ECONOMIC SECTOR WORK ECONOMICS EDUCATION SYSTEM EMPIRICAL EVIDENCE ENABLING ENVIRONMENT ENROLLMENT ENVIRONMENTAL ENVIRONMENTAL BENEFITS EXPENDITURE EXPENDITURES EXPORTER EXPORTS EXPOSURE EXTERNAL DEBT EXTERNAL TRADE EXTERNALITIES FAMILIES FAMILY BUSINESSES FARMERS FINANCE CORPORATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL MARKETS DEVELOPMENT FINANCIAL SECTOR FINANCIAL SECTORS FINANCING NEEDS FIXED CAPITAL FLEXIBLE EXCHANGE RATE FOOD PRICE FOOD PRICES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FIRMS GDP GDP PER CAPITA GOOD GOVERNANCE GOVERNMENT FINANCE GOVERNMENT INVESTMENTS GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES GUARANTEE AGENCY HUMAN CAPITAL INCOME INCOME TAX INCOMES INFLATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL RESERVES INTERNATIONAL SECURITY INVENTORIES INVESTMENT CLIMATE INVESTMENT PORTFOLIO INVESTOR CONFIDENCE JOB CREATION LABOR FORCE LABOR MARKET LEGISLATIVE FRAMEWORK LOAN LOAN-TO-DEPOSIT RATIO LOCAL CURRENCY M2 MATURITY MINES MONEY GROWTH NATURAL RESOURCE NATURAL RESOURCES NEW COMPANIES OIL OPEN MARKET OPEN MARKET OPERATIONS OUTPUT OUTPUTS OUTREACH PENSION PHYSICAL CAPITAL PLEDGES POLICY DECISIONS POLITICAL ECONOMY POLITICAL UNCERTAINTY PORTFOLIO PRICE INCREASES PRIVATE INVESTMENT PRIVATE SECTOR DEVELOPMENT PROFITABILITY PROPERTY TAX PUBLIC CREDIT PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC POLICIES PUBLIC POLICY RAPID EXPANSION RATE OF RETURN REAL ESTATE REAL GDP REFORM PROGRAM REGIONAL INTEGRATION REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY OVERSIGHT RESERVE RISK MANAGEMENT RISK PERCEPTION RULE OF LAW RURAL ACCESS SAFETY NET SUPPLY CHAINS SUSTAINABLE DEVELOPMENT TAX TAX CODE TAX INCENTIVES TAX RATE TAX RATES TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADING TRANSPARENCY TRANSPARENT PROCESSES TRANSPORTATION SERVICES TRUST FUND VALUATION VALUE ADDED VOLATILITY WITHDRAWAL Khan, Faruk Joya, Omar Afghanistan Economic Update, October 2013 |
| geographic_facet |
South Asia Afghanistan |
| relation |
Afghanistan economic update; |
| description |
Uncertainty surrounding the political
and security transition in Afghanistan has led to a slowdown
in economic growth in 2013, following strong growth in 2012.
After a decade of strong fiscal performance, revenue
collection has weakened in 2013, potentially delaying
Afghanistan's path toward self-reliance. In order to
preserve fiscal sustainability, a concerted effort will be
required going forward to improve revenue mobilization by
strengthening tax and customs administration and by
expediting introduction and implementation of the planned
value-added tax. Afghanistan faces considerable expenditure
needs in the areas of security, infrastructure development,
service delivery, and operations and maintenance. Meeting
these needs will also require significant grant assistance
for the foreseeable future. In spite of the
transition-related uncertainty and underperformance,
Afghanistan will need to stay focused on its medium term
structural reform goals. These include: (i) safeguarding
sustainability by mobilizing revenue and securing grant
assistance; (ii) supporting inclusive and job-creating
post-transition growth by unlocking the potential of the
agriculture and natural resource sectors and by tapping the
potential of regional integration; (iii) improving upon the
low levels of human capital and skills; and (iv) continuing
to strengthen institutions and governance. This report is
organized as follows: section one gives recent economic
developments; section two presents economic outlook and
medium term prospects; and section three presents structural
policies for the medium term. |
| format |
Economic & Sector Work :: Economic Updates and Modeling |
| author |
Khan, Faruk Joya, Omar |
| author_facet |
Khan, Faruk Joya, Omar |
| author_sort |
Khan, Faruk |
| title |
Afghanistan Economic Update, October 2013 |
| title_short |
Afghanistan Economic Update, October 2013 |
| title_full |
Afghanistan Economic Update, October 2013 |
| title_fullStr |
Afghanistan Economic Update, October 2013 |
| title_full_unstemmed |
Afghanistan Economic Update, October 2013 |
| title_sort |
afghanistan economic update, october 2013 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/10/18433329/afghanistan-economic-update-poverty-reduction-economic-management http://hdl.handle.net/10986/16656 |
| _version_ |
1764433625319735296 |
| spelling |
okr-10986-166562021-04-23T14:03:30Z Afghanistan Economic Update, October 2013 Khan, Faruk Joya, Omar ACCESS TO FINANCE ACCOUNTING ADMINISTRATIVE BURDEN ADVICE TO GOVERNMENT ADVISORY SERVICES AGRICULTURAL PRODUCTION AGRICULTURAL SECTOR AGRICULTURAL SECTORS AGRICULTURE AID DEPENDENT AUDITS BANK FINANCING BANK POLICY BANKING LAW BANKING SECTOR BINDING CONSTRAINT BROAD MONEY CAPACITY DEVELOPMENT CAPITAL FLIGHT CAPITAL FORMATION CAPITAL INFLOWS COLLATERAL COLLATERAL REGISTRY COMMERCIAL BANKS COMMODITY COMMODITY PRICES CONSUMER SPENDING CONTRACT ENFORCEMENT CORRUPTION CPI CREDIT BUREAU CREDITS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT DECISION MAKING DEMOGRAPHIC DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT POLICY DEVELOPMENT STRATEGY DOMESTIC INVESTORS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC OUTLOOK ECONOMIC SECTOR WORK ECONOMICS EDUCATION SYSTEM EMPIRICAL EVIDENCE ENABLING ENVIRONMENT ENROLLMENT ENVIRONMENTAL ENVIRONMENTAL BENEFITS EXPENDITURE EXPENDITURES EXPORTER EXPORTS EXPOSURE EXTERNAL DEBT EXTERNAL TRADE EXTERNALITIES FAMILIES FAMILY BUSINESSES FARMERS FINANCE CORPORATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL MARKETS DEVELOPMENT FINANCIAL SECTOR FINANCIAL SECTORS FINANCING NEEDS FIXED CAPITAL FLEXIBLE EXCHANGE RATE FOOD PRICE FOOD PRICES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FIRMS GDP GDP PER CAPITA GOOD GOVERNANCE GOVERNMENT FINANCE GOVERNMENT INVESTMENTS GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES GUARANTEE AGENCY HUMAN CAPITAL INCOME INCOME TAX INCOMES INFLATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL RESERVES INTERNATIONAL SECURITY INVENTORIES INVESTMENT CLIMATE INVESTMENT PORTFOLIO INVESTOR CONFIDENCE JOB CREATION LABOR FORCE LABOR MARKET LEGISLATIVE FRAMEWORK LOAN LOAN-TO-DEPOSIT RATIO LOCAL CURRENCY M2 MATURITY MINES MONEY GROWTH NATURAL RESOURCE NATURAL RESOURCES NEW COMPANIES OIL OPEN MARKET OPEN MARKET OPERATIONS OUTPUT OUTPUTS OUTREACH PENSION PHYSICAL CAPITAL PLEDGES POLICY DECISIONS POLITICAL ECONOMY POLITICAL UNCERTAINTY PORTFOLIO PRICE INCREASES PRIVATE INVESTMENT PRIVATE SECTOR DEVELOPMENT PROFITABILITY PROPERTY TAX PUBLIC CREDIT PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC POLICIES PUBLIC POLICY RAPID EXPANSION RATE OF RETURN REAL ESTATE REAL GDP REFORM PROGRAM REGIONAL INTEGRATION REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY OVERSIGHT RESERVE RISK MANAGEMENT RISK PERCEPTION RULE OF LAW RURAL ACCESS SAFETY NET SUPPLY CHAINS SUSTAINABLE DEVELOPMENT TAX TAX CODE TAX INCENTIVES TAX RATE TAX RATES TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADING TRANSPARENCY TRANSPARENT PROCESSES TRANSPORTATION SERVICES TRUST FUND VALUATION VALUE ADDED VOLATILITY WITHDRAWAL Uncertainty surrounding the political and security transition in Afghanistan has led to a slowdown in economic growth in 2013, following strong growth in 2012. After a decade of strong fiscal performance, revenue collection has weakened in 2013, potentially delaying Afghanistan's path toward self-reliance. In order to preserve fiscal sustainability, a concerted effort will be required going forward to improve revenue mobilization by strengthening tax and customs administration and by expediting introduction and implementation of the planned value-added tax. Afghanistan faces considerable expenditure needs in the areas of security, infrastructure development, service delivery, and operations and maintenance. Meeting these needs will also require significant grant assistance for the foreseeable future. In spite of the transition-related uncertainty and underperformance, Afghanistan will need to stay focused on its medium term structural reform goals. These include: (i) safeguarding sustainability by mobilizing revenue and securing grant assistance; (ii) supporting inclusive and job-creating post-transition growth by unlocking the potential of the agriculture and natural resource sectors and by tapping the potential of regional integration; (iii) improving upon the low levels of human capital and skills; and (iv) continuing to strengthen institutions and governance. This report is organized as follows: section one gives recent economic developments; section two presents economic outlook and medium term prospects; and section three presents structural policies for the medium term. 2014-01-29T00:58:20Z 2014-01-29T00:58:20Z 2013-10 http://documents.worldbank.org/curated/en/2013/10/18433329/afghanistan-economic-update-poverty-reduction-economic-management http://hdl.handle.net/10986/16656 English en_US Afghanistan economic update; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia Afghanistan |