Pakistan: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Pakistan
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Pakistan’s economy is at a critical juncture. Misaligned economic policies, including large fiscal deficits, loose monetary policy, and defense of an overvalued exchange rate, fueled consumption and short-term growth in recent years, but steadily eroded macroeconomic buffers, increased external and public debt, and depleted international reserves. Structural weaknesses remained largely unaddressed, including a chronically weak tax administration, a difficult business environment, inefficient and loss making SOEs, and low labor productivity amid a large informal economy. Without urgent policy action, economic and financial stability could be at risk, and growth prospects will be insufficient to meet the needs of a rapidly growing population.
Series:
Country Report No. 2019/212
Subject:
Budget planning and preparation Expenditure External debt Public debt Public financial management (PFM) Revenue administration
English
Publication Date:
July 8, 2019
ISBN/ISSN:
9781498324496/1934-7685
Stock No:
1PAKEA2019001
Pages:
96
Please address any questions about this title to publications@imf.org