Pakistan: Poverty Reduction Strategy Paper

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 024

Publication date: February 2004

ISBN: 9781451830460

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Demography , Poverty and Homelessness , ISCR , CR , private sector , economic growth , reform program , civil society , poverty reduction strategy , financial year , poverty line , public-private partnership , monetary policy , Global

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Summary

To stimulate private sector credit expansions in Pakistan, the monetary policy has been accommodative while financial sector reforms have brought about a lowering of intermediation costs and bank spreads. Consequently, the weighted average lending rates have declined from 14.6 percent in June 1999 to 7.58 percent in June 2003. Likewise, the weighted average 6-month T-bills yield has declined from 10.60 percent in June 1999 to 1.66 percent in June 2003. Considerable progress has been made in terms of creating a legal and institutional framework.