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 Constitu...

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التفاصيل البيبلوغرافية
مؤلف مشترك: International Monetary Fund. European Dept
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2014.
سلاسل:IMF Staff Country Reports; Country Report ; No. 2014/056
الوصول للمادة أونلاين:Full text available on IMF
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520 3 |a 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. 
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830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2014/056 
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