Pakistan : First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Pakistan
Author/Editor:
International Monetary Fund. Middle East and Central Asia Dept.
Publication Date:
December 23, 2019
Electronic Access:
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Summary:
Recent economic developments. Decisive policy implementation since June has started to reverse Pakistan’s large imbalances, preserving financial stability. The external adjustment is proceeding quickly on the back of an orderly adjustment to a market-determined exchange rate. Fiscal performance was strong in the first quarter of FY 2020 and budgetary allocations to the Benazir Income Support Program (BISP) have been expanded. Growth has slowed, broadly in line with expectations, and market confidence is gradually returning. Inflation has started to stabilize and the State Bank of Pakistan has paused its interest rate hike cycle.
Series:
Country Report No. 19/380
English
Publication Date:
December 23, 2019
ISBN/ISSN:
9781513523880/1934-7685
Stock No:
1PAKEA2019002
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
91
