Was this content written or created while at IBA?
No
Document Type
Conference Paper
Publication Date
7-1-2002
Conference Name
International Expert Workshop
Conference Location
Berlin
Conference Dates
July 1, 2002
Series
Faculty Research - Book Chapters and Conference Papers
First Page
1
Last Page
8
Keywords
IMF program, International Monetary Fund, Lessons, Pakistan
Abstract / Description
Pakistan entered into nine different agreements with the IMF during the period 1988- 2000. Except for the last Stand-by Arrangement (SBA), most other arrangements were not fully implemented and consequently almost half of the agreed amount remained undrawn. The 1990s, however, was a ‘lost decade’ for Pakistan’s economy. During the previous four decades the annual average growth rate was almost 5 percent and the incidence of poverty had declined from 40 percent to 18 percent by the end of 1980s. During the 1990s, growth in per capita income dropped to slightly over 1 percent. Poverty resurfaced and about one third of the population now lives below the poverty line of $ 1 per day. Social indicators are worse than other countries with comparable income. The country has turned from moderately indebted to a heavily indebted country and was also perceived as one of the most corrupt countries in 1996. Institutional decay has been pervasive adversely affecting the implementation and administrative capacity.
Recommended Citation
Husain, I. (2002). Pakistan and the IMF: 1988–2002., 1-8. Retrieved from https://ir.iba.edu.pk/faculty-research-series/203
