Greece: Fifth Review Under the Stand-By Arrangement, Rephasing and Request for Waivers of Nonobservance of Performance Criteria; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece

International Monetary Fund

No 2011/351, IMF Staff Country Reports from International Monetary Fund

Abstract: The Executive Board of the IMF has completed the fifth review of Greece’s economic performance under a program supported by a three-year Stand-By Arrangement (SBA) for the country. The completion of the review enables the immediate disbursement of an amount equivalent to SDR1.9 billion, bringing total IMF disbursements under the SBA to an amount equivalent to SDR 17.5 billion. The creation of a national unity government and the endorsement of program objectives and policies by major parties is an important step.

Keywords: ISCR; CR; government; executive board chair; deficit; government program; privatization plan; government's privatization plan; government support; unity government; ECB liquidity; Budget planning and preparation; Privatization; Europe (search for similar items in EconPapers)
Pages: 162
Date: 2011-12-13
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