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Pakistan: Staff Report for the 2015 Article IV Consultation, Ninth Review Under the Extended Arrangement, Request for Waivers of

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by International Monetary Fund
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Pakistan: Staff Report for the 2015 Article IV Consultation, Ninth Review Under the Extended Arrangement, Request for Waivers of by International Monetary Fund

Emerging from a near-crisis in 2013, the authorities have substantially reduced near-term vulnerabilities. Helped by supportive policies, low oil prices and strong remittances, the budget deficit and inflation have declined while foreign exchange buffers have strengthened considerably. The near-term economic outlook is broadly favorable although structural bottlenecks still impede higher potential growth. The main challenges are to reinforce the recent gains in economic stability and generate a strong and sustainable growth momentum by accelerating structural reforms. Key priorities include continued reserve accumulation and fiscal consolidation, widening the tax net to enable higher infrastructure investment and social assistance, fixing the energy sector, restructuring or privatizing loss-making public enterprises, improving the business climate for higher and more inclusive growth, and continuing the policy agenda to foster financial sector development and stability.

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Ebook Details
Pages: 112
Size: 8.1 MB
Date published:   2016
ISBN: 9781513539461 (DRM-EPUB)
9781513552200 (DRM-PDF)

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