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

August 21, 2009

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2009) accessed November 25, 2024

Summary

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.

Subject: Budget planning and preparation, Debt service, External debt, Public debt, Public financial management (PFM), Tariffs, Taxes

Keywords: Budget planning and preparation, CR, Debt service, Financial support, Global, Government request, Gra, Growth potential, ISCR, Pakistan, Pakistan's economy, SBP overdraft, Staff appraisal, Tariffs

Publication Details

Pages:

98
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/265
Stock No:

1PAKEA2009002
ISBN:

9781451830750
ISSN:

1934-7685

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