Portugal: Eighth and Ninth Reviews Under the Extended Arrangement and Request for Waivers of Applicability of End-September Performance Criteria

 
 
Publication Date: November 13, 2013
 
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Summary: This paper discusses Portugal’s Eighth and Ninth Reviews Under the Extended Arrangement and Request for Waivers of Applicability of end-September Performance Criteria (PC). Program implementation has remained broadly on track, in spite of a political crisis and significant legal challenges. The medium term outlook remains broadly unchanged, with growth gradually increasing to near its underlying potential of 2 percent by 2017. The contribution from the net foreign balance is now projected to be some 0.2 percentage point higher over the medium term. The IMF Staff supports the authorities’ request for completion of the combined eighth and ninth reviews and for waivers of applicability of the end-September PCs.
 
Series: Country Report No. 13/324
Subject(s): Extended arrangement reviews | Economic growth | Fiscal policy | Fiscal consolidation | Public debt | Unemployment | Fiscal reforms | Privatization | Banking sector | Debt sustainability analysis | Economic indicators | Staff Reports | Press releases | Portugal

 
English
Publication Date: November 13, 2013
ISBN/ISSN: 9781475518405/1934-7685 Format: Paper
Stock No: 1PRTEA2013005 Pages: 88
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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