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Portugal :, Tenth Review Under the Extended Arrangement and Request for Waivers of Applicability of end-December Performance Criteria

This paper discusses Portugal’s Tenth Review Under the Extended Arrangement and Request for Waivers of Applicability of End-December Performance Criteria (PCs). The short-term outlook for Portugal has improved and program implementation remains on track, notwithstanding another adverse Constitutional Court ruling. Stronger domestic demand is supporting a pickup in activity and lower unemployment. A broad-based recovery in sentiment has led to a decline in yields, allowing Portugal to issue a five-year bond on favorable terms. The end-September 2013 quantitative PCs were met, and preliminary estimates suggest that the end-December 2013 targets were also met. The IMF staff supports the authorities’ request for completion of the 10th review and for waivers of applicability of the end-December PCs
Table Of Contents
Cover; CONTENTS; INTRODUCTION; ECONOMIC AND FINANCIAL DEVELOPMENTS AND OUTLOOK; A. Recent developments; B. Outlook; ADVANCING FISCAL CONSOLIDATION; A. Recent Fiscal Developments; B. Policy Discussions; SAFEGUARDING FINANCIAL STABILITY AND FACILITATING ORDERLY DELEVERAGING; A. Recent Financial Developments; B. Policy Discussions; BOOSTING COMPETITIVENESS AND GROWTH; A. Background; B. Policy Discussions; FINANCING, RISKS, AND PROGRAM MODALITIES; STAFF APPRAISAL; BOXES; 1. External Adjustment and Competitiveness; 2. Corporate Debt Restructuring
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (95 p.)
Specific Material Designation
Form Of Item

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