Pakistan: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria

International Monetary Fund

No 2003/180, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines Pakistan’s Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver and Modification of Performance Criteria. Although most reforms were broadly on track, there were setbacks in energy sector reforms, and to a lesser extent in privatization. Progress was made in preparing the full Poverty Reduction Strategy Paper and monitoring intermediate social outcomes. All quantitative performance criteria for end-December 2002 were met. The budget for fiscal year 2003/04 will aim at a further reduction of the fiscal deficit while raising social and poverty-related expenditures.

Keywords: ISCR; CR; KESC; PRGF loan; estimate; staff; staff supplement; investor interest; inflation low; government approval; staff appraisal; I-PRSP expenditure growth; development expenditure; Private investment; Public sector; South Asia; Global (search for similar items in EconPapers)
Pages: 86
Date: 2003-06-23
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