Pakistan: Request for a Three-Year Arrangement Under the Poverty Reduction Growth Facility
IMF Staff Country Reports, December 14, 2001
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- Pakistan: Request for a Three-Year Arrangement Under the Poverty Reduction Growth Facility
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Bibliographic details
- Authors: Arrangement. Executive Directors
- Published: December 14, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451830620.002
Executive summary
- Pakistan has established sound macroeconomic management and structural reforms under the Stand-By Arrangement.
- Executive Directors welcomed this step, and emphasized the need to maintain fiscal and monetary stances.
- Directors welcomed the Poverty Reduction and Growth Facility (PRGF) program, which focuses on:
- reform of tax policy and tax administration;
- public enterprise restructuring and privatization;
- raising growth and reducing poverty;
- financial sector reforms.
- Directors urged the authorities for the full implementation of the reforms, and approved a Three-Year Arrangement for Pakistan under the PRGF Arrangement.
Key findings and program focus
- Macroeconomic management: sound performance under the Stand-By Arrangement.
- Fiscal and monetary policy: need to maintain fiscal and monetary stances.
- PRGF program priorities:
- reform of tax policy and tax administration;
- public enterprise restructuring and privatization;
- raising growth and reducing poverty;
- financial sector reforms.
- Implementation: Directors urged full implementation of the reforms.