## Portugal: Request for a Three-Year Arrangement Under the Extended Fund Facility

_IMF Staff Country Reports, June 7, 2011_

## Source details

**Canonical URL:** [Portugal: Request for a Three-Year Arrangement Under the Extended Fund Facility](https://www.imf.org/en/publications/cr/issues/2016/12/31/portugal-request-for-a-three-year-arrangement-under-the-extended-fund-facility-24908)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/portugal-request-for-a-three-year-arrangement-under-the-extended-fund-facility-24908/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/portugal-request-for-a-three-year-arrangement-under-the-extended-fund-facility-24908/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/portugal-request-for-a-three-year-arrangement-under-the-extended-fund-facility-24908/bundle-manifest.json)

## Bibliographic details
- Published: June 7, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455277537.002

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### Overview
- Portugal's economy faced severe crisis during the global economic and financial crisis.
- Portugal's authorities proposed an economically well-balanced program focused on:
  - structural reforms to boost growth and employment,
  - ensuring balanced fiscal sustainability,
  - safeguarding financial stability, and
  - preventing a credit crunch.
- The Executive Board of the International Monetary Fund welcomed the program and approved a three-year arrangement under the Extended Fund Facility for Portugal.
- Publication date: June 7, 2011.

### Key findings and focus areas
- Structural reforms aimed to boost growth and employment.
- Fiscal measures aimed to ensure balanced fiscal sustainability.
- Financial-sector measures aimed to safeguard financial stability and prevent a credit crunch.

### Policy recommendations and program features
- Implement a program combining structural reforms, fiscal consolidation, and financial-stability measures.
- Prioritize measures that:
  - support growth and employment through structural reform,
  - restore and maintain fiscal sustainability, and
  - protect the banking system from a credit crunch.

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## Content in this bundle

- [Cr11127 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2011/_cr11127.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/portugal-request-for-a-three-year-arrangement-under-the-extended-fund-facility-24908_