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

International Monetary Fund

No 2012/319, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; GDP; bank; Slovenia; debt; retail price index; government finance statistic yearbook; Slovenian authorities; headline deficit target; cash position; convertible bond; government deposit; credit portfolio; Bank resolution; Government finance statistics; Global (search for similar items in EconPapers)
Pages: 56
Date: 2012-11-29
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