{
  "title": "Pakistan: Second Review and Request for the Augmentation of Access Under the Stand-By Arrangement: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Pakistan",
  "publication": "IMF Staff Country Reports, August 21, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/pakistan-second-review-and-request-for-the-augmentation-of-access-under-the-stand-by-23211",
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  "summary": "This paper discusses key findings of the Second Review for Pakistan and a request for the augmentation of access under the Stand-By Arrangement. Program performance has been mixed. All end-March quantitative performance criteria were met, but structural reform has been slower than programmed.",
  "authors": [
    "Arrangement. Program"
  ],
  "publishDate": "2009-08-21",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary and program performance",
      "content": "- Program performance has been mixed.\n- All end-March quantitative performance criteria were met.\n- Structural reform has been slower than programmed.\n- The authorities indicated that the fiscal deficit ceiling may have been exceeded by 0.9 percent of GDP and, therefore, request a waiver of nonobservance for the related end-June 2009 performance criterion.\n- The authorities also request waivers of applicability for other end-June quantitative performance criteria."
    },
    {
      "heading": "Key findings and policy implications",
      "content": "- Fiscal: Possible breach of the fiscal deficit ceiling by 0.9 percent of GDP for end-June 2009; waiver of nonobservance requested.\n- Quantitative performance criteria: End-March criteria met; waivers of applicability requested for multiple end-June criteria.\n- Structural reforms: Implementation slower than programmed, implying delays in achieving program objectives and potential need for intensified reform efforts."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Budget planning and preparation, Debt service, External debt, Public debt, Public financial management (PFM), Tariffs, Taxes\n- Keywords: Budget planning and preparation, CR, Debt service, financial support, Global, government request, Gra, growth potential, ISCR, Pakistan, Pakistan's economy, SBP overdraft, staff appraisal, Tariffs\n\n---\n\n Content in this bundle\n\n- cr09265\n  - cr09265 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr09265 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/pakistan-second-review-and-request-for-the-augmentation-of-access-under-the-stand-by-23211"
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    "Authors: Arrangement. Program",
    "Published: August 21, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451830750.002",
    "Program performance has been mixed.",
    "All end-March quantitative performance criteria were met.",
    "Structural reform has been slower than programmed.",
    "The authorities indicated that the fiscal deficit ceiling may have been exceeded by 0.9 percent of GDP and, therefore, request a waiver of nonobservance for the related end-June 2009 performance criterion.",
    "The authorities also request waivers of applicability for other end-June quantitative performance criteria.",
    "Fiscal: Possible breach of the fiscal deficit ceiling by 0.9 percent of GDP for end-June 2009; waiver of nonobservance requested.",
    "Quantitative performance criteria: End-March criteria met; waivers of applicability requested for multiple end-June criteria.",
    "Structural reforms: Implementation slower than programmed, implying delays in achieving program objectives and potential need for intensified reform efforts.",
    "Subjects: Budget planning and preparation, Debt service, External debt, Public debt, Public financial management (PFM), Tariffs, Taxes",
    "Keywords: Budget planning and preparation, CR, Debt service, financial support, Global, government request, Gra, growth potential, ISCR, Pakistan, Pakistan's economy, SBP overdraft, staff appraisal, Tariffs",
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