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

June 7, 2011

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Format: Chicago

Portugal: Request for a Three-Year Arrangement Under the Extended Fund Facility, (USA: International Monetary Fund, 2011) accessed November 27, 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:

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DOI:

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Issue:

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Series:

Country Report No. 2011/127
Stock No:

1PRTEA2011001
ISBN:

9781455277537
ISSN:

1934-7685

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