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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

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. 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
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. Recent Economic Developments; A. Overview; B. Program Implementation; Boxes; 1. Restoring the Financial Viability of the Electricity Sector; III. Policy Discussions; A. Macroeconomic Framework for 2009/10; 2. New Structural Conditionality; B. The Budget for 2009/10; C. Monetary and Exchange Rate Policies; D. Financial Sector Issues; IV. Augmentation; V. The Medium-term Outlook and Debt Sustainability; 3. Exceptional Access Criteria; VI. Staff Appraisal; Figures; 1. Selected Economic Indicators; 2. Financial Market Indicators
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (99 p.)
Specific Material Designation
Form Of Item

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