Publication:
Pakistan Development Update, June 2019: Weathering the Storm - Restoring Macroeconomic Stability

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dc.contributor.authorWorld Bank
dc.date.accessioned2019-08-21T17:10:24Z
dc.date.available2019-08-21T17:10:24Z
dc.date.issued2019-06
dc.description.abstractPakistan is facing yet another balance of payment crisis. Authorities have taken some corrective measures and negotiated a 39-month stabilization program with the International Monetary Fund (IMF). Nonetheless, inflationary pressures increased during FY19. Current account deficit narrowed as imports declined, however, exports performance remained weak. Despite the adjustment measures fiscal pressure persist due to high debt servicing and defense expenditures. Debt level is in breach of Fiscal Responsibility and Debt Limitation Act (FRDLA). The growth is projected to decelerate further in FY20, as the government tightens fiscal and monetary policy. This report highlights the importance of tackling the structural challenges which are hampering growth and investments. The report emphasizes that the failure to address these structural challenges, in parallel to addressing the macroeconomic imbalances, just means that the next crisis is another 4 to 5 years away.en
dc.identifierhttp://documents.worldbank.org/curated/en/632901566311713146/Weathering-the-Storm-Restoring-Macroeconomic-Stability
dc.identifier.doi10.1596/32301
dc.identifier.urihttps://hdl.handle.net/10986/32301
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectTRADE AND INVESTMENT;
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectMONETARY POLICY
dc.subjectFINANCIAL SECTOR
dc.subjectBALANCE OF PAYMENTS
dc.subjectFISCAL TRENDS
dc.subjectDEBT
dc.subjectRISKS
dc.subjectSTRUCTURAL REFORMS
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectCHILD MARRIAGE
dc.titlePakistan Development Update, June 2019en
dc.title.subtitleWeathering the Storm - Restoring Macroeconomic Stabilityen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titlePakistan Development Update, June 2019
okr.date.disclosure2019-08-20
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/632901566311713146/Weathering-the-Storm-Restoring-Macroeconomic-Stability
okr.guid632901566311713146
okr.identifier.doi10.1596/32301
okr.identifier.externaldocumentum090224b08700ecfa_3_0
okr.identifier.internaldocumentum31216476
okr.identifier.report140018
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/632901566311713146/pdf/Weathering-the-Storm-Restoring-Macroeconomic-Stability.pdfen
okr.region.administrativeSouth Asia
okr.region.countryPakistan
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicPublic Sector Development::State Owned Enterprise Reform
okr.topicGender::Gender and Development
okr.unitEFI-SAR-MTI-MacroFiscal (ESAMU)
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