IMF Staff Country Reports

Pakistan: Second Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria

Publication Date:

August 9, 2001

Electronic Access:

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Summary:

Pakistan showed good macroeconomic performance and structural reforms under the program supported by the Stand-By Arrangement. Executive Directors welcomed this development, and stressed the need for sustained implementation of firm macroeconomic policies, increased revenue collection effort, and a substantial reallocation of public expenditure toward poverty-reducing spending. They emphasized the need to improve governance, accelerate structural reforms, and strengthen the financial system. Directors agreed that the country has successfully completed the second review under the Stand-By Arrangement, and approved a waiver.

Series:

Country Report No. 2001/142

Subject:

Banking Budget planning and preparation Expenditure External debt Income and capital gains taxes Public debt Public financial management (PFM) Taxes