Pakistan: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, November 17, 2005
Source details
- Canonical URL
- Pakistan: Staff Report for the 2005 Article IV Consultation
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Bibliographic details
- Published: November 17, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451830682.002
Summary
- Macroeconomic performance continues to be strong, but inflation and external pressures are evident.
- High growth, including in agriculture, is estimated to have raised disposable incomes.
- The authorities’ ambitious growth objectives require substantial increases in investment, including from the private sector.
- Public investment has been increased to ease bottlenecks in transportation, irrigation, and energy.
- In the short term, macroeconomic policies need to be tightened somewhat to counter inflation and external pressures.
Key findings
- Growth: High growth, including in agriculture, has raised disposable incomes.
- Inflation: Inflationary pressures are evident and require policy attention.
- External sector: External pressures are present and contribute to the need for tightening macroeconomic policies.
- Investment: Achieving ambitious growth objectives requires substantial increases in investment, including from the private sector.
- Public investment: Increased to address bottlenecks in transportation, irrigation, and energy.
Policy recommendations and near-term actions
- Tighten macroeconomic policies somewhat in the short term to counter inflation and external pressures.
- Sustain and expand investment (public and private) to meet ambitious growth objectives and relieve infrastructure bottlenecks in transportation, irrigation, and energy.
Subjects and keywords
- Subject: Expenditure, External debt, Inflation, Oil prices, Prices, Public debt
- Keywords: cost, CR, current account, financing, financing need, Global, government, grant pledge, Inflation, ISCR, monetary policy, Oil prices, Pakistan authorities, program, reconstruction cost, SBP staff, South Asia, U.S. dollar
International Monetary Fund. "Pakistan: Staff Report for the 2005 Article IV Consultation", November 17, 2005.