Pakistan Third Review Under the Stand-By Arrangement and Request for Waiver of Performance Criterion

Pakistan showed commendable performance under the Stand-By Arrangement. Executive Directors noted the substantial progress in the structural reforms, but expressed concerns about the slippage in revenue performance, and heavy foreign exchange intervention in the kerb market to meet the reserves'...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2001
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Pakistan showed commendable performance under the Stand-By Arrangement. Executive Directors noted the substantial progress in the structural reforms, but expressed concerns about the slippage in revenue performance, and heavy foreign exchange intervention in the kerb market to meet the reserves' program targets. They stressed the need to build foreign exchange reserves, improve monetary and exchange rates, liberalize the foreign exchange interbank market, improve governance, and strengthen the financial system. They agreed that Pakistan has successfully completed the third review under the Stand-By Arrangement, and approved a waiver
Physical Description:58 pages
ISBN:9781451830590