IMF Staff Country Reports

Luxembourg: Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Luxembourg

Publication Date:

June 9, 2010

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The staff report for the 2010 Article IV Consultation underlies a thorough and objective view of the macroeconomic situation in Luxembourg and the challenges the economy is facing. The country’s enviable position of public finances at the onset of the crisis provided the space to accommodate fiscal support to the economy, enhance social transfers, and protect household income. Executive Directors recommended a sharper focus on liquidity and credit risks arising from banks’ sizable and concentrated exposures to their foreign parent groups.

Series:

Country Report No. 2010/161

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Crime Economic sectors Expenditure Financial crises Financial regulation and supervision Financial sector Global financial crisis of 2008-2009 Liquidity risk

Frequency:

Quarterly