{
  "title": "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",
  "publication": "IMF Staff Country Reports, March 16, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/greece-third-review-under-the-stand-by-arrangement-staff-report-informational-annex-press-24708",
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  "summary": "In this study, Greece’s economic program has progress toward its sustainable growth by boosting competitiveness, strengthening financial sector stability, and securing sustainable public finances. The fiscal and broader reforms are to achieve the program’s medium-term objectives.",
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      "heading": "Program progress and macroeconomic objectives",
      "content": "- The program advances progress toward sustainable growth by boosting competitiveness, strengthening financial sector stability, and securing sustainable public finances.\n- Fiscal and broader reforms are intended to achieve the program’s medium-term objectives.\n- Structural reforms are being deepened to support recovery."
    },
    {
      "heading": "Fiscal adjustment, state assets, and public debt",
      "content": "- More sufficient use of state assets will:\n  - support fiscal adjustment efforts,\n  - promote growth and employment,\n  - help Greece retire maturing debt."
    },
    {
      "heading": "Financial sector stability and banking system",
      "content": "- The financial system remains stable.\n- Time is needed to allow banks to deleverage and restructure in an orderly fashion."
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      "content": "- Subjects:\n  - Banking\n  - Budget planning and preparation\n  - Commercial banks\n  - Credit\n  - Expenditure\n  - Labor\n  - Money\n  - Public financial management (PFM)\n  - Revenue administration\n- Keywords:\n  - Budget planning and preparation\n  - CR\n  - Credit\n  - disbursement Greece\n  - Global\n  - Greece's rating\n  - implementation risk\n  - ISCR\n  - Moody's Corporation\n  - Moody's decision\n  - revenue weakness\n\n---\n\n Content in this bundle\n\n- cr1168\n  - cr1168 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1168 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 16, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455223046.002",
    "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.",
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    "The financial system remains stable.",
    "Time is needed to allow banks to deleverage and restructure in an orderly fashion.",
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    "Keywords:",
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