Greece: Request for Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Greece
IMF Staff Country Reports, July 20, 2017
Source details
- Canonical URL
- Greece: Request for Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Greece
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Bibliographic details
- Authors: Arrangement-Press Release
- Published: July 20, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484311219.002
Summary
- This paper discusses Greece’s Request for Stand-By Arrangement (SBA).
- The program will be narrowly focused on policies that can help restore macroeconomic stability in the medium run and facilitate market access in Greece.
- It seeks to provide breathing space to mobilize broad political support for the deeper structural reforms needed for Greece to liberalize its economy and prosper within the euro area in the long term.
- The program will also provide a framework for Greece’s European partners to deliver debt relief to restore Greece’s debt sustainability.
Program objectives and focus
- Restore macroeconomic stability in the medium run.
- Facilitate market access for Greece.
- Provide breathing space to build political consensus for deeper structural reforms.
- Create a framework for European partners to deliver debt relief to restore debt sustainability.
Policy areas and subjects covered
- Asset and liability management
- Debt relief
- Expenditure
- Fiscal policy
- Income
- Labor
- National accounts
- Nonperforming loans
- Pension spending
- Wages
Keywords and thematic emphasis
- adjustment effort
- article IV report
- authority
- CR
- Debt relief
- Europe
- Global
- Income
- ISCR
- liability positions vis-à-vis nonresident
- overarching challenge
- Pension spending
- plan
- product market reform
- reform effort
- short-term debt relief measure
- sustainability
- Wages
Content in this bundle
- Country Report