## Greece: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, and Request for Waivers of Applicability and Modification of Performance Criterion—Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Greece

_IMF Staff Country Reports, July 31, 2013_

## Source details

**Canonical URL:** [Greece: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, and Request for Waivers of Applicability and Modification of Performance Criterion—Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Greece](https://www.imf.org/en/publications/cr/issues/2016/12/31/greece-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-40838)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/greece-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-40838/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/greece-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-40838/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/greece-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-40838/bundle-manifest.json)

## Bibliographic details
- Published: July 31, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484350911.002

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### Summary findings: macroeconomic rebalancing and performance
- The economy is rebalancing, but it continues to do so through recession, not productivity-enhancing structural reform.
- Domestic demand continues to fall albeit at a moderating pace.
- Import compression has resulted in a further shrinking of the current account deficit.
- The large output gap and high unemployment rate are exerting downward pressure on wages.
- The competitiveness gap in unit labor cost terms has narrowed further.
- Product prices are easing.
- Sentiment indicators have improved, but the political crisis has had a dampening effect.

### Policy themes and institutional issues covered
- Arrears
- Banking
- Budget planning and preparation
- Expenditure
- External debt
- Property tax
- Public financial management (PFM)
- Revenue administration
- Taxes

### Keywords and topical markers included in the report
- Arrears
- authorities estimate
- Budget planning and preparation
- CR
- Global
- governance
- government
- IMF staff
- ISCR
- omnibus bill
- Property tax
- revenue administration of Internal Affairs
- staff appraisal
- state gas company
- tax procedure code.
- water tariff policy component

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## Content in this bundle

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/greece-fourth-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-40838_