Pakistan: Third Review Under the Stand-By Arrangement

January 7, 2010

Preview Citation

Format: Chicago

Pakistan: Third Review Under the Stand-By Arrangement, (USA: International Monetary Fund, 2010) accessed November 24, 2024

Summary

This paper discusses key findings of the Third Review Under the Stand-By Arrangement for Pakistan. Program implementation has been uneven but key reforms are moving forward. All end-September 2009 quantitative performance criteria were met, with the exception of the ceiling on the overall budget deficit. The tax revenue foregone in September was largely recovered in October, and the wage bill overrun was self-correcting. On these grounds, the authorities request a waiver of nonobservance for the related end-September 2009 performance criterion. IMF staff recommends the completion of the program review.

Subject: Banking, Credit, Expenditure, External debt, Foreign exchange, Money, Public debt

Keywords: Amendments to the State Bank of Pakistan, CR, Credit, Global, Government, Government employee, Government policy, ISCR, Reform project, Staff appraisal, Tax, Timely disbursement

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/006
Stock No:

1PAKEA2010001
ISBN:

9781451830767
ISSN:

1934-7685

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