Pakistan: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility Arrangement, and Request for Waivers of Performance Criteria

March 5, 2004

Preview Citation

Format: Chicago

Pakistan: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility Arrangement, and Request for Waivers of Performance Criteria, (USA: International Monetary Fund, 2004) accessed November 23, 2024

Summary

The economic outlook remains clouded by regional and domestic security concerns. Real GDP growth and inflation were broadly in line with program projections in 2001–02. The balance of payments position unproved faster than expected. The budget deficit target for 2001–02 (as set during the first review) was met, despite a shortfall in the Central Board of Revenue (CBR). Broad money increased strongly in 2001–02, despite efforts to sterilize foreign exchange inflows. Reforms in the financial sector made significant progress.

Subject: Banking, Economic sectors, Expenditure, External debt, Privatization, Public debt, Public sector

Keywords: CR, Global, Government, Inflation low, ISCR, Pakistani rupee, PRGF loan, Privatization, Privatization agenda, Public sector, Revenue target, September data, South Asia, Tariff framework

Publication Details

Pages:

106
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/246
Stock No:

1PAKEA0032002
ISBN:

9781451830521
ISSN:

1934-7685

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