Pakistan
: 2021 Article IV consultation, sixth review under the extended arrangement under the extended fund facility, and requests for waivers of applicability and nonobservance of performance criteria and rephasing of access : press release; staff report; and statement by the Executive Director for Pakistan
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Titel:
Pakistan
:
2021 Article IV consultation, sixth review under the extended arrangement under the extended fund facility, and requests for waivers of applicability and nonobservance of performance criteria and rephasing of access : press release; staff report; and statement by the Executive Director for Pakistan
Beschreibung:
Economic activity has rebounded strongly on the back of waning COVID-19 infections and expansionary fiscal and monetary policies. However, strong import growth-fueled by the macroeconomic policy mix, higher international commodity prices, and credit growth-have led to a marked deterioration of the external position. The current account deficit has widened, the rupee depreciated markedly, and inflation remains persistently high