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    Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo.

    IMF Approves $45Mln Package to Aid Growth in Afghanistan

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    Deputy Managing Director stated that International Monetary Fund (IMF) executive board has approved a $44.9-million assistance package for Afghanistan to help the country increase growth.

    WASHINGTON (Sputnik) The International Monetary Fund (IMF) executive board has approved a $44.9-million assistance package for Afghanistan to help the country increase growth, IMF Deputy Managing Director Mitsuhiro Furusawa announced in a statement on Thursday.

    "The authorities’ program supported under the Fund’s Extended Credit Facility aims to consolidate recent gains on the macroeconomic and structural fronts, and catalyze donor support," Furusawa stated.

    The IMF said some $6.2 million will be available for immediate disbursement.

    Furusawa noted that the fund's program for Afghanistan will focus on financial sector reforms, building institutions, as well as measures targeting corruption.

    Afghanistan had 0.8 percent GDP growth in 2015, according to the IMF.

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    aid, International Monetary Fund, Mitsuhiro Furusawa, Afghanistan
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