Commentary On the IMF Standby Arrangement with Pakistan-2023

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Pide: Pakistan Institute of Development Economics

No 2023:6, PIDE Research Report from Pakistan Institute of Development Economics

Abstract: The International Monetary Fund (IMF) executive board has recently approved a 9-month Standby Agreement (SBA) of about USD 3 billion to support Pakistan’s economy. The primary objective of this agreement is to support stabilization of the economy by guarding it against the external shocks and difficult internal situation (i.e., devastating floods and inflation), and to accelerate structural reforms. The SBA serves as a pit stop for policy correction and immediate reform initiation, thus paving the way for negotiations on an Extended Fund Facility (EFF) in the future.

Pages: 6
Date: 2023
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