Pakistan: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion
IMF Staff Country Reports, March 5, 2003
Source details
- Canonical URL
- Pakistan: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion
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Bibliographic details
- Published: March 5, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451830491.002
Executive summary
- Examines Pakistan’s Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion.
- Progress on the structural front through November 2002 was broadly in line with the program, except for the power sector, but weakened in the subsequent months.
- All quantitative performance criteria for end-September 2002 were met.
- The authorities have requested a waiver for the nonobservance of the continuous structural performance criterion regarding tax exemptions.
Major findings
- Structural performance:
- Through November 2002: broadly in line with the program, with the exception of the power sector.
- Subsequent months: structural performance weakened.
- A continuous structural performance criterion on tax exemptions was not observed; authorities requested a waiver.
- Quantitative performance criteria:
- All quantitative performance criteria for end-September 2002 were met.
Subjects and keywords (as listed)
- Subjects: Banking, Debt service, Expenditure, External debt, Poverty, Poverty reduction strategy, Public debt
- Keywords: Africa, broad money growth, CBR revenue collection, CR, Debt service, Global, government, I-PRSP expenditure, ISCR, Middle East, Poverty reduction strategy, PRGF loan, South Asia, welfare indicator survey