Pakistan Fourth And Fifth Reviews Under The Extended Arrangement And Request For Waivers Of Nonobservance Of Performance Criteria

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1498319122
Size: 32.36 MB
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Pakistan Fourth And Fifth Reviews Under The Extended Arrangement And Request For Waivers Of Nonobservance Of Performance Criteria from the Author: International Monetary Fund. Middle East and Central Asia Dept.. A 36 month, SDR 4,393 million (425 percent of quota) Extended Arrangement under the EFF was approved by the Executive Board on September 4, 2013 and the third review was completed on June 27, 2014, with a total of SDR 1,440 million disbursed. Fifth and sixth tranches totaling of SDR 720 million will be available upon the completion of this review.

Pakistan Second Review Under The Extended Arrangement And Request For Waivers Of Nonobservance Of Performance Criteria Staff Report Press Release And Statement By The Executive Director For Pakistan

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 147553583X
Size: 59.96 MB
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Pakistan Second Review Under The Extended Arrangement And Request For Waivers Of Nonobservance Of Performance Criteria Staff Report Press Release And Statement By The Executive Director For Pakistan from the Author: International Monetary Fund. Middle East and Central Asia Dept.. This paper assesses Pakistan’s Second Review Under the Extended Arrangement and Request for Waivers of Non-Observance of Performance Criteria. Discussions focused on progress in addressing the main macroeconomic challenges facing the country and remedial actions to meet missed performance criteria. Pakistan’s economic growth is expected to remain modest with GDP growth forecast revised upward to 3.1 percent. The IMF report highlights that the preliminary data for the first quarter of FY13/14 showed 5 percent growth, mainly driven by services and manufacturing.

Pakistan Third Review Under The Extended Arrangement And Request For Waiver Of Nonobservance Of Performance Criterion And Request For Modification Of Performance Criteria Staff Report Press Release And Statement By The Executive Director For Pakistan

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1498372120
Size: 46.36 MB
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Pakistan Third Review Under The Extended Arrangement And Request For Waiver Of Nonobservance Of Performance Criterion And Request For Modification Of Performance Criteria Staff Report Press Release And Statement By The Executive Director For Pakistan from the Author: International Monetary Fund. Middle East and Central Asia Dept.. This Paper discusses Pakistan’s Third Review Under the Extended Arrangement and Request for Waiver of Nonobservance of Performance Criterion (PC).The economy is showing signs of improvement. The FY2013/14 growth projection has been revised upward from 3.1 percent to 3.3 percent, as economic indicators continue to show better-than-expected performance. For FY2014/15, the economy is forecast to expand by about 4 percent. All quantitative PCs were met with the exception of the ceiling on Net Domestic Assets of the State Bank of Pakistan, which was missed by a small margin. On the basis of Pakistan’s performance under the extended arrangement, the IMF staff supports the authorities’ request for completion of the third review under the arrangement.

Pakistan Eighth Review Under The Extended Arrangement And Request For Waivers Of Nonobservance Of Performance Criteria Press Release Staff Report And Statement By The Executive Director For Pakistan

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1513508423
Size: 26.55 MB
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Pakistan Eighth Review Under The Extended Arrangement And Request For Waivers Of Nonobservance Of Performance Criteria Press Release Staff Report And Statement By The Executive Director For Pakistan from the Author: International Monetary Fund. Extended Arrangement under the Extended Fund Facility (EFF): A 36 month, SDR 4,393 million (425 percent of quota) Extended Arrangement under the EFF was approved by the Executive Board on September 4, 2013 and the seventh review was completed on June 26, 2015, for a total disbursement of SDR 2,880 million. The eighth tranche amounting to SDR 360 million will be available upon the completion of this review. Status of the program: Two end-June 2015 quantitative Performance Criteria (PCs) and three indicative targets (ITs) were missed, but deviations were either minor or temporary, corrective actions have been taken as needed, and the authorities remain on track to meet the end-September 2015 program targets. Specifically, while the program’s monetary PCs were met, the PCs on the fiscal deficit and government borrowing from the central bank were missed (linked to higher-than-programmed spending by some provinces along with a shortfall in federal revenue), and the IT on federal tax revenues was missed (reflecting legal challenges to some of the tax measures and the negative impact of lower global commodity prices). In both cases, the authorities are taking corrective measures. The IT on social cash transfers was missed by a small margin, but the targeted number of beneficiary households was achieved, making the deviation minor. The IT on power sector arrears was also missed, but this is expected to be temporary, reflecting a delay in the implementation of some elements of the arrears reduction plan. The end-September structural benchmark (SB) on improving the central bank’s interest corridor and the end-November SB to enact the Credit Bureau Bill were met ahead of time. Key issues: Discussions focused on: (i) end-June 2015 fiscal performance and the outlook for the fiscal year 2015/16; (ii) addressing arrears in the power sector; (iii) saving the windfall from falling oil prices to strengthen external buffers; (iv) progress on safeguarding financial stability; and (v) structural reforms in the energy sector, privatization, central bank independence, anti-money laundering framework, public debt management, trade, and business climate to unlock Pakistan’s long-term growth potential. Outreach activities included a press release and a joint press conference with the finance minister and central bank governor.

Imf Survey

Author: International Monetary Fund
Publisher:
ISBN:
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Imf Survey from the Author: International Monetary Fund.

High Value Natural Resources And Post Conflict Peacebuilding

Author: Päivi Lujala
Publisher: Routledge
ISBN: 1136536698
Size: 54.70 MB
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High Value Natural Resources And Post Conflict Peacebuilding from the Author: Päivi Lujala. For most post-conflict countries, the transition to peace is daunting. In countries with high-value natural resources – including oil, gas, diamonds, other minerals, and timber –the stakes are unusually high and peacebuilding is especially challenging. Resource-rich post-conflict countries face both unique problems and opportunities. They enter peacebuilding with an advantage that distinguishes them from other war-torn societies: access to natural resources that can yield substantial revenues for alleviating poverty, compensating victims, creating jobs, and rebuilding the country and the economy. Evidence shows, however, that this opportunity is often wasted. Resource-rich countries do not have a better record in sustaining peace. In fact, resource-related conflicts are more likely to relapse. Focusing on the relationship between high-value natural resources and peacebuilding in post-conflict settings, this book identifies opportunities and strategies for converting resource revenues to a peaceful future. Its thirty chapters draw on the experiences of forty-one researchers and practitioners – as well as the broader literature – and cover a range of key issues, including resource extraction, revenue sharing and allocation, and institution building. The book provides a concise theoretical and practical framework that policy makers, researchers, practitioners, and students can use to understand and address the complex interplay between the management of high-value resources and peace. High-Value Natural Resources and Post-Conflict Peacebuilding is part of a global initiative led by the Environmental Law Institute (ELI), the United Nations Environment Programme (UNEP), the University of Tokyo, and McGill University to identify and analyze lessons in natural resource management and post-conflict peacebuilding. The project has generated six edited books of case studies and analyses, with contributions from practitioners, policy makers, and researchers. Other books in the series address land; water; livelihoods; assessing and restoring natural resources; and governance.

Imf Financial Operations 2015

Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1513533258
Size: 23.40 MB
Format: PDF
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Imf Financial Operations 2015 from the Author: International Monetary Fund. Finance Dept.. IMF Financial Operations 2015 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and also provides background detail of the financial statements for the IMF's activities during the most recent financial year. This publication (currently in its second edition) updates a previous report entitled Financial Organization and Operations of the IMF, first published in 1986 and last issued in 2001 (the sixth edition). That 2001 report reflected the seismic shifts in the global economy and in the IMF's structure and operations that occurred after the fall of the Soviet Union and the various currency and financial crises of the 1990s. This revised and updated report covers more recent developments, including measures taken in response to the global financial crisis of 2007-09 and the institutional reforms aimed at ensuring that the IMF's governance structure evolves in line with developments in the global economy, measures to enhance the financial safety net for developing economies, as well as reforms to the IMF's income model.

Energy Subsidy Reform

Author: Mr. Benedict J. Clements
Publisher: International Monetary Fund
ISBN: 1484339169
Size: 55.80 MB
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Energy Subsidy Reform from the Author: Mr. Benedict J. Clements. Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Most subsidy benefits are captured by higher-income households, reinforcing inequality. Even future generations are affected through the damaging effects of increased energy consumption on global warming. This book provides (1) the most comprehensive estimates of energy subsidies currently available for 176 countries and (2) an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.

Max Planck Yearbook Of United Nations Law Volume 8 2004

Author: Armin Von Bogdandy
Publisher: Martinus Nijhoff Publishers
ISBN: 9004142851
Size: 20.66 MB
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Max Planck Yearbook Of United Nations Law Volume 8 2004 from the Author: Armin Von Bogdandy. Volume eight comprises topics like the United Nations system of the use of force; the U.S. bilateral non-surrender agreements in relation to the ICC; developing countries, non-traditional intellectual property rights and the WIPO; and fact-finding by UN human rights complaints bodies.