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Pakistan: Poverty Reduction Strategy Paper

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  • International Monetary Fund

Abstract

To stimulate private sector credit expansions in Pakistan, the monetary policy has been accommodative while financial sector reforms have brought about a lowering of intermediation costs and bank spreads. Consequently, the weighted average lending rates have declined from 14.6 percent in June 1999 to 7.58 percent in June 2003. Likewise, the weighted average 6-month T-bills yield has declined from 10.60 percent in June 1999 to 1.66 percent in June 2003. Considerable progress has been made in terms of creating a legal and institutional framework.

Suggested Citation

  • International Monetary Fund, 2004. "Pakistan: Poverty Reduction Strategy Paper," IMF Staff Country Reports 2004/024, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/024
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17151
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    Citations

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    Cited by:

    1. Nina Gera, 2007. "Impact of Structural Adjustment Programmes on Overall Social Welfare in Pakistan," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 8(1), pages 39-64, January.
    2. Dewachter, Sara, 2005. "The participation conditionality under Poverty Reduction Strategy Papers: the joint staff assessment -experience," IOB Discussion Papers 2005.06, Universiteit Antwerpen, Institute of Development Policy (IOB).
    3. Janjua, Yasin & Mohammad, Irfan, 2008. "Situation Analysis to Support the Programme Design Process for National Skills Strategy of the Islamic Republic of Pakistan," MPRA Paper 38153, University Library of Munich, Germany.

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