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

June 7, 2011

Preview Citation

Format: Chicago

Portugal: Request for a Three-Year Arrangement Under the Extended Fund Facility, (USA: International Monetary Fund, 2011) accessed December 23, 2024

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.

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

Keywords: Adjustment plan, Authority, Commercial banks, CR, Credit, Europe, Fast-track Emergency Financing Mechanism procedure, Financing, Financing package, Fiscal consolidation, Global, IMF quota, ISCR, Plan, Policy, Public sector, SDR, State budget

Publication Details

Pages:

121
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2011/127
Stock No:

1PRTEA2011001
ISBN:

9781455277537
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports