1.

Record Nr.

UNINA9910790634403321

Titolo

Pakistan : : 2013 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2013

ISBN

1-4755-7759-1

1-4843-0743-7

1-4843-4133-3

Descrizione fisica

1 online resource (126 p.)

Collana

IMF Staff Country Reports

Disciplina

332.1/52

Soggetti

Economic development - Pakistan

Banks and Banking

Exports and Imports

Macroeconomics

Public Finance

Statistics

Finance: General

Foreign Exchange

Debt

Debt Management

Sovereign Debt

Fiscal Policy

International Lending and Debt Problems

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Data Collection and Data Estimation Methodology

Computer Programs: Other

Trade: General

Public finance & taxation

International economics

Banking

Econometrics & economic statistics

Finance

Currency

Foreign exchange

Public debt



Fiscal consolidation

External debt

Government debt management

Public financial management (PFM)

Fiscal stance

Fiscal policy

Imports

International trade

Debts, Public

Debts, External

Banks and banking

National income

Pakistan Economic conditions

Pakistan

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"September 2013."

Nota di contenuto

Cover; CONTENTS; ECONOMIC BACKGROUND; BOXES; 1. External Sector Assessment; 2. Revenue Sharing Arrangements in Pakistan: A Challenge to Fiscal Consolidation; OUTLOOK AND KEY RISKS; 3. Risk Assessment Matrix; 4. Pakistan's Vulnerability to Food and Oil Price Shocks; ARTICLE IV: DISCUSSIONS: TOWARD HIGHER AND MORE INCLUSIVE GROWTH; A. Return to Fiscal Sustainability; 5. Unemployment in Pakistan; 6. Reducing Energy Subsidies; B. Realigning Monetary Policy for Macroeconomic Stability; C. Safeguarding Financial Sector Stability; D. Structural Reforms for Fiscal Consolidation and Economic Growth

7. Overview of Pakistan's Power SectorPROGRAM DISCUSSIONS; 8. BOP Projections and External Financing Requirement; OTHER ISSUES; STAFF APPRAISAL; FIGURES; 1. Selected Economic Indicators, 2008-13; 2. Selected Financial Indicators, 2008-13; 3. Selected Banking and Financial Indicators; 4. Public Debt Sustainability: Bound Tests; 5. External Debt Sustainability: Bound Tests; TABLES; 1. Selected Economic Indicators, 2009/10-2013/14; 2. Medium-Term Baseline Macroeconomic Framework, 2009/10-2017/18; 3. Medium-Term Program Macroeconomic Framework, 2009/10-2017/18

4. Balance of Payments, 2009/10-2017/185a. General Government Budget, 2008/09-2013/14; 5b. General Government Budget, 2009/10-2013/14; 5c. General Government Budget, 2011/12-2013/14; 6. Monetary Survey, 2009/10-2013/14; 7. Medium-Term Fiscal Framework, 2009/10-2017/18; 8. Financial Soundness Indicators for the Banking System; 9. Indicators of Fund Credit, 2012/13-2017/18; 10. Selected Vulnerability Indicators, 2009/10-2017/18; 11. External Debt Sustainability Framework, 2008-18; 12. Public Sector Debt Sustainability Framework, 2008-18; 13. Schedule of Reviews and Purchases

14. Quantitative Performance Criteria and Indicative Targets for FY2013/1415. Prior Actions and Structural Benchmarks Under Extended Fund Facility; APPENDIX; I. Letter of Intent; Attachment I. Memorandum on Economic and Financial Policies for 2013/14-2015/16; Attachment



II. Technical Memorandum of Understanding; CONTENTS; RELATIONS WITH THE FUND; RELATIONS WITH THE WORLD BANK; RELATIONS WITH THE ASIAN DEVELOPMENT BANK; STATISTICAL ISSUES; TABLE; PAKISTAN: TABLE OF COMMON INDICATORS REQUIRED FOR SURVEILLANCE

STAFF REPORT FOR THE 2013 ARTICLE IV CONSULTATION AND REQUEST FOR AN EXTENDED ARRANGEMENT UNDER THE EXTENDED FUND FACILITY-SUPPLEMENTARY INFORMATIONTABLE; Table 2. Pakistan: Prior Actions and Structural Benchmarks Under Extended Fund Facility; IMF Executive Board Approves 3-Year, US6.64 Billion Extended Arrangement for Pakistan; ANNEX; Recent Developments; Program Summary; TABLE; Pakistan: Selected Economic Indicators, 2009/10-2013/14; IMF Executive Board Concludes the 2013 Article IV Consultation with Pakistan; Executive Board Assessment; TABLE

Pakistan: Selected Economic Indicators, 2009/10-2013/14

Sommario/riassunto

This paper highlights Pakistan’s 2013 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility. Discussions in the IMF report focus on macroeconomic policies to address vulnerabilities and reforms to promote robust inclusive growth. The authorities’ ambitious economic program aims to reverse the current mix of large fiscal deficits and, accommodative monetary policy, and low reserve coverage, which provides few buffers to absorb shocks. The authorities have requested a 36-month extended arrangement under the Extended Fund Facility (EFF) for SDR 4.393 billion.