Pakistan: Poverty Reduction Strategy Paper

International Monetary Fund

No 2004/024, IMF Staff Country Reports from International Monetary Fund

Abstract: To stimulate private sector credit expansions in Pakistan, the monetary policy has been accommodative while financial sector reforms have brought about a lowering of intermediation costs and bank spreads. Consequently, the weighted average lending rates have declined from 14.6 percent in June 1999 to 7.58 percent in June 2003. Likewise, the weighted average 6-month T-bills yield has declined from 10.60 percent in June 1999 to 1.66 percent in June 2003. Considerable progress has been made in terms of creating a legal and institutional framework.

Keywords: ISCR; CR; private sector; economic growth; reform program; civil society; poverty reduction strategy; financial year; poverty line; public-private partnership; monetary policy; Global (search for similar items in EconPapers)
Pages: 152
Date: 2004-02-09
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