Pakistan: First Post-Program Monitoring Discussions-Press Release; Staff Report; and Statement by the Executive Director for Pakistan

IMF Staff Country Reports, March 14, 2018

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Pakistan: First Post-Program Monitoring Discussions-Press Release; Staff Report; and Statement by the Executive Director for Pakistan

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Bibliographic details

• Published: March 14, 2018
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484347188.002

Summary findings

• This paper discusses First Post-Program Monitoring Discussions with Pakistan.
• Pakistan’s near-term outlook for economic growth is broadly favorable.
• Real GDP is expected to grow by 5.6 percent in FY2017/18.
• Growth drivers cited: improved power supply, investment related to the China–Pakistan Economic Corridor, strong consumption growth, and ongoing recovery in agriculture.
• Inflation has remained contained.
• Continued erosion of macroeconomic resilience could put this outlook at risk.

External sector and reserves

• The FY2017/18 current account deficit could reach 4.8 percent of GDP.
• Gross international reserves are expected to decline further in a context of limited exchange rate flexibility.

Thematic coverage (as listed)

• Economic sectors
• Exchange rate flexibility
• External debt
• Fiscal policy
• Fiscal stance
• Foreign exchange
• Public debt
• Public sector

Keywords and program context

• China-Pakistan Economic Corridor
• CR
• debt
• Exchange rate flexibility
• Fiscal stance
• Global
• government, incl. IMF
• ISCR
• prudent fiscal policy
• Public sector
• staff appraisal
• staff's projection

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• Country Report
  • Country Report (Markdown version)
  • Country Report (PDF)