Pakistan: Seventh, and Eighth Reviews of the Extended Arrangement under the Extended Fund Facility, Requests for Waivers of Nonobservance of Performance Criteria, and for Extension, Augmentation, and Rephasing of Access-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Pakistan

International Monetary Fund

No 2022/288, IMF Staff Country Reports from International Monetary Fund

Abstract: Economic activity remained robust in FY22, fueled by loose fiscal policy and a delayed monetary response to inflationary pressures. These combined with the international food and fuel price shocks led to a marked deterioration of the external position with an unsustainable current account deficit, a significant decline in reserves, and a marked depreciation of the rupee. At the same time, inflation has increased considerably, putting pressure particularly on the more vulnerable.

Keywords: staff appraisal; excl. IMF obligation; reform plan; IMF arrangement; inflation expectation; authorities' comprehensive; Fiscal stance; Imports; Global (search for similar items in EconPapers)
Pages: 112
Date: 2022-09-01
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