Pakistan: 2021 Article IV Consultation, Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waivers of Applicability and Nonobservance of Performance Criteria and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Pakistan

Publication Date:

February 4, 2022

Electronic Access:

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Summary:

Economic activity has rebounded strongly on the back of waning COVID-19 infections and expansionary fiscal and monetary policies. However, strong import growth—fueled by the macroeconomic policy mix, higher international commodity prices, and credit growth—have led to a marked deterioration of the external position. The current account deficit has widened, the rupee depreciated markedly, and inflation remains persistently high.

Series:

Country Report No. 2022/027

Subject:

Frequency:

regular

English

Publication Date:

February 4, 2022

ISBN/ISSN:

9798400200212/1934-7685

Stock No:

1PAKEA2022001

Pages:

174

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