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Pakistan :, Third Review Under the Stand-By Arrangement

This paper discusses key findings of the Third Review Under the Stand-By Arrangement for Pakistan. Program implementation has been uneven but key reforms are moving forward. All end-September 2009 quantitative performance criteria were met, with the exception of the ceiling on the overall budget deficit. The tax revenue foregone in September was largely recovered in October, and the wage bill overrun was self-correcting. On these grounds, the authorities request a waiver of nonobservance for the related end-September 2009 performance criterion. IMF staff recommends the completion of the program review
Table Of Contents
Contents; Executive Summary; I. Background; II. Recent Economic Developments and Outlook; III. Program Implementation; A. Fiscal Policy; B. Monetary Policy and Financial Sector Issues; C. Key Structural Reforms; IV. Policy Discussions; A. Fiscal Policy; B. Structural Reforms in Tax Administration and Public Finance; Box 1. Proposed Structural Benchmarks for the Second Half of 2009/10; C. Monetary and Exchange Rate Policy; D. Financial Sector Issues; V. Program Financing and Capacity to Repay the Fund; VI. Staff Appraisal; Figures; Tables; Appendix; Debt Sustainability Analysis; Attachments
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (83 p.)
Specific Material Designation
Form Of Item

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