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Lisbon, Portugal

Lisbon. iStock Photo

Portugal Resident Representative Site

Statement by the EC, ECB, and IMF on the Eleventh Review Mission to Portugal

February 28, 2014

Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Lisbon during February 20-28 for the eleventh quarterly review of Portugal’s economic adjustment program. Read the press statement.

News — Highlights

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Portugal’s Quest for Prosperity without Repeated Crises -- Remarks by Poul Thomsen, Deputy Director, IMF European Department, Journal de Negócios Conference

March 12, 2014 click for more

Blog: "Portugal: Completing the Job"

February 19, 2014 click for more

Portugal's Adjustment Program: Where Are We? -- Presentation by IMF Resident Representative Albert Jaeger, Austrian Business Circle, Lisbon

January 24, 2014 click for more

Statement by the EC, ECB, and IMF on the Tenth Review Mission to Portugal

December 16, 2013 click for more

Fiscal Adjustment and Reforms in Portugal

From the RR Office in Lisbon, September 6, 2013 click for more

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Portugal and The IMF

Press Release: IMF Completes Eleventh Review Under an EFF Arrangement with Portugal, Approves €851 Million Disbursement

April 17, 2014

Transcript of an IMF Press Conference on Europe

April 15, 2014

Press Release: Statement by the EC, ECB, and IMF on the Eleventh Review Mission to Portugal

February 28, 2014

Portugal: Tenth Review Under the Extended Arrangement and Request for Waivers of Applicability of end-December Performance Criteria

February 19, 2014
Series: Country Report No. 14/56 click for more

Press Release: IMF Completes Tenth Review Under an EFF Arrangement with Portugal, Approves €0.91 Billion Disbursement

February 12, 2014

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Portugal and the IMF

  • Member since March 29, 1961

  • Quota: SDR1029.7 million (equivalent to €1144million, US$1,635 million at current exchange rates)

    Each member country of the IMF is assigned a quota, based broadly on its relative position in the world economy. A member country's quota determines its maximum financial commitment to the IMF, its voting power, and has a bearing on its access to IMF financing.

  • Portugal is represented in the Executive Board of the IMF in a group of countries led by Italy and also includes Albania, Greece, Malta, San Marino, and Timor-Leste.

    The Executive Board is responsible for conducting the day-to-day business of the IMF. It is composed of 24 Directors, who are appointed or elected by member countries or by groups of countries. The Managing Director serves as its Chairman. The Board usually meets several times each week. It carries out its work largely on the basis of papers prepared by IMF management and staff.

  • In addition to quota resources, Banco de Portugal has contributed to the New Arrangement to Borrow with a credit line of up to SDR 1542.13 million.