{
  "title": "Pakistan: First Post-Program Monitoring Discussions-Press Release; Staff Report; and Statement by the Executive Director for Pakistan",
  "publication": "IMF Staff Country Reports, March 14, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/03/14/pakistan-first-post-program-monitoring-discussions-press-release-staff-report-and-statement-45724",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- This paper discusses First Post-Program Monitoring Discussions with Pakistan.\n- Pakistan’s near-term outlook for economic growth is broadly favorable.\n- Real GDP is expected to grow by 5.6 percent in FY2017/18.\n- Growth drivers cited: improved power supply, investment related to the China–Pakistan Economic Corridor, strong consumption growth, and ongoing recovery in agriculture.\n- Inflation has remained contained.\n- Continued erosion of macroeconomic resilience could put this outlook at risk."
    },
    {
      "heading": "External sector and reserves",
      "content": "- The FY2017/18 current account deficit could reach 4.8 percent of GDP.\n- Gross international reserves are expected to decline further in a context of limited exchange rate flexibility."
    },
    {
      "heading": "Thematic coverage (as listed)",
      "content": "- Economic sectors\n- Exchange rate flexibility\n- External debt\n- Fiscal policy\n- Fiscal stance\n- Foreign exchange\n- Public debt\n- Public sector"
    },
    {
      "heading": "Keywords and program context",
      "content": "- China-Pakistan Economic Corridor\n- CR\n- debt\n- Exchange rate flexibility\n- Fiscal stance\n- Global\n- government, incl. IMF\n- ISCR\n- prudent fiscal policy\n- Public sector\n- staff appraisal\n- staff's projection\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "[Markdown version](/en/publications/cr/issues/2018/03/14/pakistan-first-post-program-monitoring-discussions-press-release-staff-report-and-statement-45724/index.md)",
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    "Published: March 14, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484347188.002",
    "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.",
    "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.",
    "China-Pakistan Economic Corridor",
    "CR",
    "debt",
    "Global",
    "government, incl. IMF",
    "ISCR",
    "prudent fiscal policy",
    "staff appraisal",
    "staff's projection",
    "**Country Report**"
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