Pakistan: Second Review and Request for the Augmentation of Access Under the Stand-By Arrangement: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Pakistan

International Monetary Fund

No 2009/265, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Second Review for Pakistan and a request for the augmentation of access under the Stand-By Arrangement. Program performance has been mixed. All end-March quantitative performance criteria were met, but structural reform has been slower than programmed. The authorities indicated that the fiscal deficit ceiling may have been exceeded by 0.9 percent of GDP and, therefore, request a waiver of nonobservance for the related end-June 2009 performance criterion. The authorities also request waivers of applicability for other end-June quantitative performance criteria.

Keywords: ISCR; CR; Pakistan; SBP overdraft; financial support; Gra; staff appraisal; growth potential; Pakistan's economy; government request; Debt service; Tariffs; Budget planning and preparation; Global (search for similar items in EconPapers)
Pages: 98
Date: 2009-08-21
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