Pakistan: Request for Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Pakistan

International Monetary Fund

No 2008/364, IMF Staff Country Reports from International Monetary Fund

Abstract: Pakistan’s authorities have requested a 23-month Stand-By Arrangement for SDR 5.169 billion in support of their macroeconomic stabilization program. The authorities’ program envisages a tightening of fiscal and monetary policies to bring down inflation and reduce the external current account deficit to more sustainable levels. The pace of adjustment seeks to balance the need to address the current macroeconomic imbalances with protecting social stability. The program envisages important reforms in tax policy and administration and public financial management.

Keywords: ISCR; CR; Pakistan; government; financing; fund; financial support; adjustment plan; government cash; fund credit; financial asset; liquidity position; Current account deficits; Global (search for similar items in EconPapers)
Pages: 95
Date: 2008-12-02
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