Pakistan: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility Arrangement, and Request for Waivers of Performance Criteria

Author: International Monetary Fund

Volume/Issue: Volume 2002 Issue 246

Publication date: March 2004

ISBN: 9781451830521

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Taxation - General , Public Policy - Social Services and Welfare , ISCR , CR , government , privatization agenda , September data , revenue target , PRGF loan , inflation low , Pakistani rupee , tariff framework , Privatization , Public sector , South Asia , Global

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Republic of Congo : 2001 Article IV

Summary

The economic outlook remains clouded by regional and domestic security concerns. Real GDP growth and inflation were broadly in line with program projections in 2001–02. The balance of payments position unproved faster than expected. The budget deficit target for 2001–02 (as set during the first review) was met, despite a shortfall in the Central Board of Revenue (CBR). Broad money increased strongly in 2001–02, despite efforts to sterilize foreign exchange inflows. Reforms in the financial sector made significant progress.