Portugal: Second Post-Program Monitoring

August 6, 2015

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Portugal: Second Post-Program Monitoring, (USA: International Monetary Fund, 2015) accessed September 20, 2024

Summary

This paper discusses key findings of the Second Post-Program Monitoring Discussions with Portugal. Portugal’s economic recovery remains on track in 2015, boosted by rising exports and consumption, together with a recent upturn in investment. Real GDP expanded by 1.5 percent (year-over-year) in the first quarter, and is projected to increase 1.6 percent for the full year. A more forceful approach to corporate debt work-outs is needed to accelerate the structural transformation of the economy. The authorities should be proactive in putting in place a coordinated approach to debt work-outs to restructure the debts of viable firms, and move forward with liquidation of those that are no longer viable.

Subject: Banking, Credit, Economic sectors, External debt, Financial institutions, Loans, Money, Public debt, Public sector

Keywords: Appraisal, Bond market volatility, CR, Credit, Debt, Executive board assessment, Firm, IMF staff projection, ISCR, Loan performance, Loans, Portugal's economic recovery, Public sector

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/226
Stock No:

1PRTEA2015004
ISBN:

9781513532028
ISSN:

1934-7685

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