Greece: Fifth Review Under the Stand-By Arrangement, Rephasing and Request for Waivers of Nonobservance of Performance Criteria; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece.
December 13, 2011
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The Executive Board of the IMF has completed the fifth review of Greece’s economic performance under a program supported by a three-year Stand-By Arrangement (SBA) for the country. The completion of the review enables the immediate disbursement of an amount equivalent to SDR1.9 billion, bringing total IMF disbursements under the SBA to an amount equivalent to SDR 17.5 billion. The creation of a national unity government and the endorsement of program objectives and policies by major parties is an important step.
Subject: Banking, Budget planning and preparation, Economic sectors, Labor, Privatization, Public debt, Public financial management (PFM), Revenue administration, Structural reforms
Keywords: Budget planning and preparation, CR, deficit, ECB liquidity, Europe, executive board chair, government, government program, government support, government's privatization plan, ISCR, Privatization, privatization plan, unity government
Pages:
162
Volume:
2011
DOI:
Issue:
351
Series:
Country Report No. 2011/351
Stock No:
1GRCEA2011005
ISBN:
9781463929817
ISSN:
1934-7685
