Portugal: Eleventh Review Under the Extended Arrangement, and Request for Extension of the Arrangement and Waivers of Applicability of End-March Performance Criteria

April 21, 2014

Preview Citation

Format: Chicago

Portugal: Eleventh Review Under the Extended Arrangement, and Request for Extension of the Arrangement and Waivers of Applicability of End-March Performance Criteria, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This Eleventh Review Under the Extended Arrangement and Request for Extension of the Arrangement focuses on Portugal’s macroeconomic framework and fiscal policy. Sovereign bond yields have declined sharply, buoyed by the improved economic outlook and increased investor appetite for higher yielding southern European debt. The recent upturn in domestic demand remains susceptible to changes in market sentiment and any renewed policy uncertainty. The operational performance of state-owned enterprises continues to improve, while the privatization program advances.

Subject: Banking, Consumption, Credit, Financial institutions, Labor, Labor markets, Loans, Money, National accounts, Wages

Keywords: Consumption, CR, Credit, Drug expenditure, EFF arrangement, Fiscal consolidation effort, Funding constraint, General government deficit, General government financing requirement, Global, Government, IMF quota, ISCR, Labor markets, Loans, Portugal's IMF quota, Southern Europe, Wages

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/102
Stock No:

1PRTEA2014002
ISBN:

9781475517385
ISSN:

1934-7685

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