Pakistan: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion
Volume/Issue:
Volume 2003
Issue 054
Publication date: March 2003
ISBN: 9781451830491
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Topics covered in this book
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Business and Economics , Political Science , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , CBR revenue collection , welfare indicator survey , broad money growth , I-PRSP expenditure , government , PRGF loan , Debt service , Poverty reduction strategy , Middle East , South Asia , Africa , Global
Summary
This paper examines Pakistan’s Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion. Progress on the structural front through November 2002 was broadly in line with the program, except for the power sector, but weakened in the subsequent months. All quantitative performance criteria for end-September 2002 were met. The authorities have requested a waiver for the nonobservance of the continuous structural performance criterion regarding tax exemptions.
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