Greece: Request for Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Greece

International Monetary Fund

No 2017/229, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Greece’s Request for Stand-By Arrangement (SBA). The program will be narrowly focused on policies that can help restore macroeconomic stability in the medium run and facilitate market access in Greece. It seeks to provide breathing space to mobilize broad political support for the deeper structural reforms needed for Greece to liberalize its economy and prosper within the euro area in the long term. The program will also provide a framework for Greece’s European partners to deliver debt relief to restore Greece’s debt sustainability.

Keywords: ISCR; CR; adjustment effort; sustainability; authority; plan; reform effort; article IV report; short-term debt relief measure; product market reform; liability positions vis-à-vis nonresident; overarching challenge; Debt relief; Wages; Pension spending; Income; Europe; Global (search for similar items in EconPapers)
Pages: 127
Date: 2017-07-20
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