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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2001. "Pakistan: Third Review Under the Stand-By Arrangement and Request for Waiver of Performance Criterion," IMF Staff Country Reports 2001/178, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2001/178
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    Cited by:

    1. Ana Corbacho & Mercedes Garcia‐Escribano & Gabriela Inchauste, 2007. "Argentina: Macroeconomic Crisis and Household Vulnerability," Review of Development Economics, Wiley Blackwell, vol. 11(1), pages 92-106, February.
    2. Kurt Schuler, 2005. "Ignorance and Influence: U.S. Economists on Argentina's Depression of 1998–2002," Econ Journal Watch, Econ Journal Watch, vol. 2(2), pages 234-278, August.

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