Portugal: Request for a Three-Year Arrangement Under the Extended Fund Facility
Electronic Access:
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Summary:
Portugal's economy faced severe crisis during the global economic and financial crisis. In this context, Portugal's authorities have put forward an economically well-balanced program that will focus on structural reforms to boost growth and employment, ensure balanced fiscal sustainability, safeguard financial stability, and prevent a credit crunch. The Executive Board of the International Monetary Fund welcomed this step, and approved a three-year arrangement under the Extended Fund Facility for Portugal.
Series:
Country Report No. 2011/127
Subject:
Banking Commercial banks Credit Economic sectors Financial institutions Fiscal consolidation Fiscal policy Money Public debt Public sector
English
Publication Date:
June 7, 2011
ISBN/ISSN:
9781455277537/1934-7685
Stock No:
1PRTEA2011001
Pages:
121
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