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Pakistan: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility Arrangement, and Request for Waivers of Performance Criteria

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  • International Monetary Fund

Abstract

The economic outlook remains clouded by regional and domestic security concerns. Real GDP growth and inflation were broadly in line with program projections in 2001–02. The balance of payments position unproved faster than expected. The budget deficit target for 2001–02 (as set during the first review) was met, despite a shortfall in the Central Board of Revenue (CBR). Broad money increased strongly in 2001–02, despite efforts to sterilize foreign exchange inflows. Reforms in the financial sector made significant progress.

Suggested Citation

  • International Monetary Fund, 2004. "Pakistan: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility Arrangement, and Request for Waivers of Performance Criteria," IMF Staff Country Reports 2002/246, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2002/246
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16172
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    Cited by:

    1. Yongzheng Yang & Mr. Robert Powell & Mr. Sanjeev Gupta, 2005. "The Macroeconomic Challenges of Scaling Up Aid to Africa," IMF Working Papers 2005/179, International Monetary Fund.

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