Portugal : 2012 Article IV consultation and sixth review under the extended arrangement and request for waivers of applicability of end-December performance criteria -- staff reports ; public information notice and press release on the Executive Board discussion ; and statement by the Executive Director for Portugal.

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, ©2013.
Description:1 online resource (1 volume (various pagings)) : illustrations
Language:English
Series:IMF country report ; 13/18
IMF country report ; 13/18.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12501908
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund.
ISBN:9781475572506
1475572506
1475564538
9781475564532
1475546920
9781475546927
1299264948
9781299264946
9781475545319
Notes:"January 2013."
English.
Summary:Mounting funding pressures has tipped Portugal into an acute economic crisis in 2011. The roots of the crisis could be traced to Portugal's failure to adapt to the rigors of monetary union. With economic institutions, policies, and incentives ill-adapted to the opportunities, Portugal's external stability risks also rose gradually. However, the current account has improved substantially with financial imbalances being corrected across private and public sectors. Fiscal adjustment also made substantial progress, while structural reforms have been progressing.