## 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

_IMF Staff Country Reports, March 16, 2011_

## Source details

**Canonical URL:** [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](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/greece-third-review-under-the-stand-by-arrangement-staff-report-informational-annex-press-24708/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/greece-third-review-under-the-stand-by-arrangement-staff-report-informational-annex-press-24708/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/greece-third-review-under-the-stand-by-arrangement-staff-report-informational-annex-press-24708/bundle-manifest.json)

## Bibliographic details
- Published: March 16, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455223046.002

---

### Program progress and macroeconomic objectives
- 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.

### Fiscal adjustment, state assets, and public debt
- More sufficient use of state assets will:
  - support fiscal adjustment efforts,
  - promote growth and employment,
  - help Greece retire maturing debt.

### Financial sector stability and banking system
- The financial system remains stable.
- Time is needed to allow banks to deleverage and restructure in an orderly fashion.

### Subjects and keywords (as listed)
- Subjects:
  - Banking
  - Budget planning and preparation
  - Commercial banks
  - Credit
  - Expenditure
  - Labor
  - Money
  - Public financial management (PFM)
  - Revenue administration
- Keywords:
  - Budget planning and preparation
  - CR
  - Credit
  - disbursement Greece
  - Global
  - Greece's rating
  - implementation risk
  - ISCR
  - Moody's Corporation
  - Moody's decision
  - revenue weakness

---

## Content in this bundle

- **_cr1168**
  - [_cr1168 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2011/_cr1168.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr1168 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2011/_cr1168.pdf){rel="external" type="application/pdf"}

---

_Source: 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_