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Pakistan is going to IMF for 24th time. Why? All the programs in the past have failed to achieve macroeconomic stability. Was it an issue of program design or implementation?
- We will never know, but PIDE has put forward a new reform agenda which should be a part of, or supplement the IMF program.
- Should there be an independent Growth Commission, just like an independent SBP, focused on medium-term economic planning and productivity?
- This commission could champion deep institutional and incentive reform that PIDE is suggesting and also protect the PSDP from political interference.
- Should this growth commission also be responsible for the medium-term budget as well as performance audits of government agencies and international loans?
- Is an Independent Budget Unit for the parliament that will vet all laws and regulatory initiatives for their viability and economic efficacy, a must now?
- Would an autonomous Debt Agency effectively manage long-term debt, ensure fiscal discipline, and provide regular reports to Parliament and the public?
- Is a shift to performance-based budgeting, a moratorium on new projects, portfolio cleaning, and a sovereign wealth fund the right approach?
- Can PSEs improve efficiency and reduce bailouts with budget constraints, operational independence, and performance-based management?
- Should all PSEs be privatized through the stock market rather than handing them over to the Seth?
- Would simplifying the tax system, enhancing coordination between federal and provincial authorities, reducing compliance costs, and improving tax administration be beneficial?
#Pakistan #IMF #Economy #IMFProgram #Politics #Investment #Loan #Debt #PIDE #society #EconFest #EconFest2024
Panelist:
SHAHID HAFIZ KARDAR
Former Governor, State Bank of Pakistan
MOHSIN MUSHTAQ CHANDNA
Director General (Debt), Ministry of Finance
MEHTAB HAIDER
Journalist/Senior Staff Reporter, Jang Group of Newspapers
NADEEM UL HAQUE (Moderator)
Vice Chancellor, Pakistan Institute of Development Economics
For Further Details Please Visit:
@PIDEOfficial
www.pide.org.pk
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