Greece: Third Review Under the Stand-By Arrangement—Staff Report; Informational Annex; Press Release on the Executive Board Discussion; Statement by the Staff Representative on Greece; and Statement by the Executive Director for Greece

International Monetary Fund

No 2011/068, IMF Staff Country Reports from International Monetary Fund

Abstract: In this study, Greece’s economic program has progress toward its sustainable growth by boosting competitiveness, strengthening financial sector stability, and securing sustainable public finances. The fiscal and broader reforms are to achieve the program’s medium-term objectives. Structural reforms are being deepened to support recovery. More sufficient use of state assets will support fiscal adjustment efforts, promote growth and employment, and help Greece retire maturing debt. The financial system remains stable, and time is needed to allow banks to deleverage and restructure in an orderly fashion.

Keywords: ISCR; CR; Moody's decision; disbursement Greece; Moody's Corporation; implementation risk; revenue weakness; Greece's rating; Budget planning and preparation; Credit; Global (search for similar items in EconPapers)
Pages: 129
Date: 2011-03-16
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24708 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2011/068

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().