Cover IMF Staff Country Reports
Pakistan: Seventh, and Eighth Reviews of the Extended Arrangement under the Extended Fund Facility, Requests for Waivers of Nonobservance of Performance Criteria, and for Extension, Augmentation, and Rephasing of Access-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Pakistan
Author: International Monetary Fund. Middle East and Central Asia Dept.
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 288
Language:
English
Publication Date:
01 Sep 2022
DOI:
https://0-doi-org.library.svsu.edu/10.5089/9798400218927.002
ISBN:
9798400218927
ISSN:
1934-7685
Pages:
112
Keywords:
staff appraisal; excl. IMF obligation; reform plan; IMF arrangement; inflation expectation; authorities' comprehensive; Fiscal stance; Imports; Global
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Economic activity remained robust in FY22, fueled by loose fiscal policy and a delayed monetary response to inflationary pressures. These combined with the international food and fuel price shocks led to a marked deterioration of the external position with an unsustainable current account deficit, a significant decline in reserves, and a marked depreciation of the rupee. At the same time, inflation has increased considerably, putting pressure particularly on the more vulnerable.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund