Greece: Third Review Under the Stand-By Arrangement—Staff Report; Informational Annex; Press Release on the Executive Board Discussion; Statement by the Staff Representative on Greece; and Statement by the Executive Director for Greece
IMF Staff Country Reports, March 16, 2011
Source details
- Canonical URL
- Greece: Third Review Under the Stand-By Arrangement—Staff Report; Informational Annex; Press Release on the Executive Board Discussion; Statement by the Staff Representative on Greece; and Statement by the Executive Director for Greece
Other formats
Bibliographic details
- Published: March 16, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455223046.002
Program progress and macroeconomic objectives
- The program advances progress toward sustainable growth by boosting competitiveness, strengthening financial sector stability, and securing sustainable public finances.
- Fiscal and broader reforms are intended to achieve the program’s medium-term objectives.
- Structural reforms are being deepened to support recovery.
Fiscal adjustment, state assets, and public debt
- More sufficient use of state assets will:
- support fiscal adjustment efforts,
- promote growth and employment,
- help Greece retire maturing debt.
Financial sector stability and banking system
- The financial system remains stable.
- Time is needed to allow banks to deleverage and restructure in an orderly fashion.
Subjects and keywords (as listed)
- Subjects:
- Banking
- Budget planning and preparation
- Commercial banks
- Credit
- Expenditure
- Labor
- Money
- Public financial management (PFM)
- Revenue administration
- Keywords:
- Budget planning and preparation
- CR
- Credit
- disbursement Greece
- Global
- Greece's rating
- implementation risk
- ISCR
- Moody's Corporation
- Moody's decision
- revenue weakness