Pakistan: Poverty Reduction Strategy Paper

February 9, 2004

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Pakistan: Poverty Reduction Strategy Paper, (USA: International Monetary Fund, 2004) accessed October 5, 2024

Summary

To stimulate private sector credit expansions in Pakistan, the monetary policy has been accommodative while financial sector reforms have brought about a lowering of intermediation costs and bank spreads. Consequently, the weighted average lending rates have declined from 14.6 percent in June 1999 to 7.58 percent in June 2003. Likewise, the weighted average 6-month T-bills yield has declined from 10.60 percent in June 1999 to 1.66 percent in June 2003. Considerable progress has been made in terms of creating a legal and institutional framework.

Subject: Education, Health, Labor, Population and demographics, Poverty

Keywords: Civil society, CR, Economic growth, Financial year, Global, ISCR, Monetary policy, Poverty line, Poverty reduction strategy, Private sector, Public-private partnership, Reform program

Publication Details

Pages:

152
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/024
Stock No:

1PAKEA0012004
ISBN:

9781451830460
ISSN:

1934-7685

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