Pakistan: Request for Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Pakistan
IMF Staff Country Reports, December 2, 2008
Source details
- Canonical URL
- Pakistan: Request for Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Pakistan
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Bibliographic details
- Authors: Arrangement-Staff Report
- Published: December 2, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451830736.002
Program request and objectives
- Pakistan’s authorities have requested a 23-month Stand-By Arrangement for SDR 5.169 billion in support of their macroeconomic stabilization program.
- The authorities’ program envisages a tightening of fiscal and monetary policies to:
- bring down inflation, and
- reduce the external current account deficit to more sustainable levels.
- The pace of adjustment seeks to balance the need to address the current macroeconomic imbalances with protecting social stability.
Policy measures and reforms envisaged
- Fiscal and monetary policy tightening.
- Important reforms in:
- tax policy and administration, and
- public financial management.
Analytical focus and subjects covered
- Subject areas highlighted: Balance of payments, Credit, Current account deficits, Expenditure, External debt, Foreign exchange, Public debt.
- Keywords indicating focus: adjustment plan, CR, Current account deficits, financial asset, financial support, financing, fund, fund credit, Global, government, government cash, ISCR, liquidity position, Pakistan.