Republic of Slovenia: 2012 Article IV Consultation—Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Slovenia.

November 29, 2012

Preview Citation

Format: Chicago

Republic of Slovenia: 2012 Article IV Consultation—Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Slovenia., (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

Slovenia, among other euro area countries, experienced the largest economic contraction since 2008. The performance of Slovenian banks deteriorated markedly in recent years as a result of the unfavorable operating environment and weak governance. Despite some deleveraging, banks continued to depend heavily on wholesale funding from abroad. Slovenia’s rebalancing required relying on supply-side policies, in particular, the labor market. With the banking system under pressure and the corporate sector highly leveraged, the Executive Board recommended strengthening the regulatory and supervisory frameworks.

Subject: Bank resolution, Banking, Economic and financial statistics, External debt, External sector statistics, Financial crises, Fiscal consolidation, Government finance statistics, Public debt

Keywords: Bank, Bank resolution, Cash position, Convertible bond, CR, Credit portfolio, Debt, GDP, Global, Government, Government deposit, Government finance statistic yearbook, Government finance statistics, Headline deficit target, ISCR, Retail price index, Slovenia, Slovenian authorities

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/319
Stock No:

1SVEEA2012001
ISBN:

9781475596472
ISSN:

1934-7685

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