Pakistan: Third Review Under the Extended Arrangement and Request for Waiver of Nonobservance of Performance Criterion, and Request for Modification of Performance Criteria
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Summary:
This Paper discusses Pakistan’s Third Review Under the Extended Arrangement and Request for Waiver of Nonobservance of Performance Criterion (PC).The economy is showing signs of improvement. The FY2013/14 growth projection has been revised upward from 3.1 percent to 3.3 percent, as economic indicators continue to show better-than-expected performance. For FY2014/15, the economy is forecast to expand by about 4 percent. All quantitative PCs were met with the exception of the ceiling on Net Domestic Assets of the State Bank of Pakistan, which was missed by a small margin. On the basis of Pakistan’s performance under the extended arrangement, the IMF staff supports the authorities’ request for completion of the third review under the arrangement.
Series:
Country Report No. 2014/184
Subject:
Banking Economic sectors External debt Government debt management Public debt Public financial management (PFM) Public sector Revenue administration
English
Publication Date:
July 7, 2014
ISBN/ISSN:
9781498313292/1934-7685
Stock No:
1PAKEA2014003
Pages:
84
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