Click here for search results

Pakistan - Joint IDA-IMF staff advisory note and the second poverty reduction strategy paper


Details

Document Date: 2009/02/19
Document Type: Poverty Reduction Strategy Paper (PRSP)
Report Number: 47352
Volume No: 1 of 1
Show More
 

Abstract

This Joint Staff Advisory Note (JSAN) provides the advice of the staffs of the International Monetary Fund (IMF) and the International Development Association (IDA) for strengthening the second poverty reduction strategy paper (PRSP-II) and its implementation. PRSP-I provided a broad policy framework outlining the road map for accelerating economic growth and poverty reduction in Pakistan. Its implementation resulted in steady progress in education and health outcomes, and in access to drinking water. The economy grew at about seven percent a year on average during 2003/04-2006/07, and the poverty headcount decreased from 34.5 percent in 2001/02 to 22.3 percent in 2005/06. However, in 2007/08, large external terms of trade shocks-the sharp rise in international commodity prices-in combination with policy inaction and internal political turmoil, led to rapidly growing macroeconomic imbalances. In the absence of adequate remedial policy measures to address these imbalances, economic activity slowed down and inflation rose sharply-hindering progress in poverty reduction, and balance of payments pressures intensified. To steer Pakistan back on a path of broad-based growth, create jobs, and reduce poverty, a prolonged period of macroeconomic stability, financial discipline and sound policies is required. Government's strategy aims to create adequate employment opportunities, and to improve income distribution and competitiveness through economic liberalization, deregulation and transparent
Show More
 
 

Downloads


Complete Report

Official version of document (may contain signatures, etc)
Click here to see PDF filePDF424 pagesOfficial Version[29.68 mb]
Click here to see text fileTextText Version*
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

 

Related Links