Belgium : 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

Author/Editor:

International Monetary Fund

Publication Date:

March 9, 2009

Electronic Access:

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Summary:

The global financial crisis has forced government intervention in major financial institutions in Belgium. This 2008 Article IV Consultation discusses that the boom in energy and food prices in early 2008 caused inflation to spike to well above the euro area average. Executive Directors have commended the authorities for their prompt and decisive intervention as the Belgian banking sector began to face severe pressure in September 2008. Directors have also encouraged the authorities to allow fiscal stabilizers to operate fully, and welcomed the moderate discretionary stimulus.

Series:

Country Report No. 09/87

Subject:

English

Publication Date:

March 9, 2009

ISBN/ISSN:

9781451803303/1934-7685

Stock No:

1BELEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

40

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