Pakistan Resident Representative Site
Resident Representative Office in Pakistan
This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Pakistan and the IMF. Additional information can be found on Pakistan and IMF country page, including official IMF reports and Executive Board documents in English that deal with Pakistan.
An International Monetary Fund (IMF) staff mission, led by Mr. Jeffrey Franks, met with the Pakistan authorities in Dubai from February 1-9, 2014 for discussions on the second review of Pakistan’s IMF-supported program under the Extended Fund Facility (EFF) approved by the Executive Board of the IMF on September 4, 2013.
IMF Executive Board Completes First Review Under the Extended Fund Facility Arrangement for Pakistan and Approves US$553.3 Million Disbursement
On November 8, IMF staff and the government of Pakistan successfully concluded discussions for the first review of the IMF arrangement in support of the government’s economic reform agenda. The IMF board will now review Pakistan’s performance and be in a position to authorise the second disbursement in late December.
Pakistan and The IMF
Pakistan: Third Review Under the Extended Arrangement and Request for Waiver of Nonobservance of Performance Criterion, and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Pakistan
July 7, 2014
Series: Country Report No. 14/184
Press Release: IMF Executive Board Completes Third Review Under the Extended Fund Facility Arrangement for Pakistan and Approves US$555.9 Million Disbursement
Pakistan -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 19, 2014
June 19, 2014
PDF File Size: 511Kb
Regional Economic Outlook Update: Middle East & Central Asia
Growth has been tepid across the Middle East and North Africa, Afghanistan, and Pakistan (MENAP) region. In 2013, declines in oil production held back growth in the oil-exporting countries. Weak private investment, amid political transitions and conflict, continued to take a toll on economic activity in the oil-importing countries. Growth is expected to strengthen this year in line with an improved global outlook. However, weak confidence and, in some cases, large public deficits will continue to weigh on the region's economic prospects. Deeper economic transformations are necessary to ensure robust and inclusive growth and creation of enough jobs for the rapidly-growing labor force.
Economic growth in the Caucasus and Central Asia (CCA) is expected to decline from 6.5 percent in 2013 to 6 percent in 2014, mainly because of weakening growth momentum in emerging market trading partners (particularly, China, Russia, and Turkey) and a temporary decline in oil output growth in Kazakhstan. Risks remain tilted to the downside. In particular, a slowdown in emerging market trading partners may weaken exports, foreign direct investment, and remittances. Policy priorities center on rebuilding buffers and increasing exchange rate flexibility to help adjust to unanticipated shocks. Stronger macroeconomic frameworks would provide a more credible anchor to economies. Rapid credit growth in some countries calls for strengthening the prudential policies to ensure the continued soundness of financial institutions. Structural reforms to improve the business environment and governance, as well as closer regional cooperation, would enable CCA countries to achieve their goal of becoming dynamic emerging market economies.