The International Monetary Fund’s (IMF) Governance and Corruption Diagnostic Assessment (GCDA) on Pakistan, has warned that persistent corruption, elite capture and weak institutions continue to undermine the country’s economic development even as it stabilises under an Extended Fund Facility (EFF). Publication of the report is a precondition for the IMF executive board’s approval of a $1.2 billion disbursement next month under the $7 billion programme.
