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

International Monetary Fund

No 2002/246, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; privatization agenda; September data; revenue target; PRGF loan; inflation low; Pakistani rupee; tariff framework; Privatization; Public sector; South Asia; Global (search for similar items in EconPapers)
Pages: 106
Date: 2004-03-05
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