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Portugal Resident Representative Site

Portugal to Engage in Post-Program Monitoring with the IMF

August 1, 2014

Press Release No.14/380

Following the expiration on June 30, 2014 of its Extended Fund Facility (EFF) arrangement, Portugal will engage in post-program monitoring (PPM) with the International Monetary Fund.

News — Highlights

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Fiscal Issues in Portugal’s EU-IMF Program

by Albert Jaeger, IMF, Lisbon Office at the Joint Vienna Institute (JVI) click for more

Assessing Public Debt Sustainability: The Case of Portugal; by Albert Jaeger

Seminar: Financial Markets and the Evolution of Sovereign Debt Markets—Key Economic and Legal Issues -- Universidade de Lisboa; Lisbon; July 8, 2014 click for more

"Fiscal Strategy 2014-18: Where are we now? What’s left to do? What could go wrong?" Presentation by Resident Representative Albert Jaeger at the Fiscal Strategy Conference, Lisbon School of Economics and Management, Lisbon.

May 12, 2014 click for more

Statement by IMF Managing Director Christine Lagarde on Portugal

May 4, 2014 click for more

Press Line on Evaluation of the Program

April 23, 2014 click for more

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Portugal and The IMF

Press Release: Portugal to Engage in Post-Program Monitoring with the IMF

August 1, 2014

Press Release: Statement by the EC, ECB, and IMF on Portugal

June 12, 2014

IMF Survey : IMF Must Contribute to Global Fiscal Policy Debate

June 9, 2014
The IMF must provide high-quality fiscal services to its members, especially through technical assistance and capacity building work, says Vitor Gaspar, the new Director of the IMF’s Fiscal Affairs Department. click for more

Transcript of a Press Briefing by Gerry Rice, Director, Communications Department, International Monetary Fund

May 8, 2014

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

May 2, 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.