Pakistan – January 2020
Pakistan lags behind most Middle East and North African countries on measures of per capita income and creditworthiness. Infrastructure investments through projects in the China-Pakistan Economic Corridor (CPEC) supports a stronger growth outlook than regional countries, while measures of the business climate are in line with peers. The government’s securing of a 39-month US$6 billion Extended Fund Facility (EFF) arrangement in July 2019 will support external financing needs and the government’s reform agenda. But weak public and external finances and rising geopolitical tensions remain key risks to the outlook.