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The IMF Stabilization Package and Pakistan's Stabilization Experience

Faiz Bilquees
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Faiz Bilquees: Pakistan Institute of Development Economics, Islamabad.

The Pakistan Development Review, 1987, vol. 26, issue 4, 767-774

Abstract: The application of IMF stabilization packages in the less developed countries (LDes) has always been a controversial issue. The debate on IMF stabilization packages with their strong elements of conditionality and impact on the IDes has intensified with the re-emergence of the payments imbalances in the Seventies and early Eighties. The objective of this paper is to evaluate, very briefly, Pakistan's three-year stabilization programme under the Extended Fund Facility (EFF) arrangement for the period 1980-83.

Date: 1987
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