Press Release: Statement by an IMF Mission on Pakistan

Press Release No. 11/430
November 22, 2011

An International Monetary Fund (IMF) staff mission, led by Mr. Adnan Mazarei, met with the Pakistani authorities in Dubai and Islamabad November 9-19 to conduct the 2011 Article IV consultation¹. The mission issued the following statement at the conclusion of the meetings:

“The Pakistani authorities and an IMF staff team held constructive discussions on Pakistan’s recent economic performance and the challenges ahead, in light of uncertainties in the global economic environment. The authorities expressed their resolve to strengthen macroeconomic policies and continue to pursue reforms to enhance Pakistan’s medium-term growth prospects. The outlook for 2011/12² is challenging. Although real GDP growth is projected at about 3½ percent and inflation is projected to decline, the external current account balance is projected to return to a deficit, and global risk aversion and security concerns may limit capital inflows. . . .

Press Release: Statement by an IMF Mission on Pakistan