Pakistan: Eighth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waivers and Modification of Performance Criteria
July 21, 2004
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This paper assesses Pakistan’s Eighth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waivers and Modification of Performance Criteria (PCs). Implementation of the PRGF program in Pakistan remains broadly on track. All quantitative performance criteria for end-December 2003 were met, and it seems that most indicative targets for end-March 2004 were also met. Structural reforms are advancing, albeit only slowly in the energy sector. Four structural performance criteria were breached, but the slippages were minor and mainly reflected timing issues.
Subject: Economic sectors, Expenditure, External debt, Public and publicly-guaranteed external debt, Public debt, Public sector
Keywords: budget proposal, CR, draft budget, end-June target, ISCR, Pakistan's PRGF arrangement, petroleum surcharge rate, PRGF arrangement, PRGF loan, Public and publicly-guaranteed external debt, Public sector, rate, South Asia
Pages:
84
Volume:
2004
DOI:
Issue:
211
Series:
Country Report No. 2004/211
Stock No:
1PAKEA0032004
ISBN:
9781451830545
ISSN:
1934-7685
