| Title: | Pakistan's government faces pressing challenges |
| Price: | $550.00 |
| Publication Date: | Aug 20, 2008 |
| Report Type: | Special Comment |
| Brief Excerpt: | ...Many of the credit stresses which led to the downgrade of Pakistan s sovereign credit ratings to B# from B# in May ### # are still present. In the intervening months, however, the rapid depletion of the country s foreign exchange reserves has emerged as the most imminent risk facing its sovereign ratings and country ceiling. At the same time, delays in the ability of its fiscal authorities to wean themselves away from central bank financing of the budget deficit also represent a formidable medium-term obstacle for improving inflationary expectations and reducing pressure on the Pakistani Rupee. In this environment, the critical ingred ient for ensuring the success of ongoing policy adjustments and structural reforms as well as negotiations for external assistance and assuaging foreign invest or sentiment is an improvement in domestic political stability. In this respect, President Musharraf s re cent resignation could limit domestic political polarization and policy... |
| Word Count: | 2339 |
| Length: | 4 Pages |
| Format: | 
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