Portugal : First Review Under the Extended Arrangement
Macroeconomic imbalances are large, and structural problems are deep-rooted in Portugal. The new government’s strong commitment to program implementation is encouraging. Fiscal performance so far demonstrates the need to refocus the fiscal strategy on strong expenditure control, as envisaged under the program. To support activity, it is crucial to prevent an excessively rapid deleveraging of the banking sector. Ultimately, the success of the program hinges on opening up the economy and improving competitiveness. The European Council’s renewed support enhances prospects for the program’s success
Year of publication: |
2011
|
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Institutions: | International Monetary Fund ; International Monetary Fund (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | IWF-Kredit | IMF lending | Portugal | Entwicklungsländer | Developing countries |
Saved in:
freely available
Extent: | Online-Ressource (111 p) |
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Series: | IMF staff country report. - Washington, DC : IMF, ZDB-ID 2390613-3. - Vol. Country Report No. 11/279 |
Type of publication: | Book / Working Paper |
Language: | English |
ISBN: | 1-4639-0297-2 ; 978-1-4639-0297-1 |
Other identifiers: | 10.5089/9781463902971.002 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014398298
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