IMF Staff Country Reports

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

Publication Date:

June 7, 2011

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Portugal's economy faced severe crisis during the global economic and financial crisis. In this context, Portugal's authorities have put forward an economically well-balanced program that will focus on structural reforms to boost growth and employment, ensure balanced fiscal sustainability, safeguard financial stability, and prevent a credit crunch. The Executive Board of the International Monetary Fund welcomed this step, and approved a three-year arrangement under the Extended Fund Facility for Portugal.

Series:

Country Report No. 2011/127

Subject:

Banking Commercial banks Credit Economic sectors Financial institutions Fiscal consolidation Fiscal policy Money Public debt Public sector