Republic of Slovenia : 2014 article IV consultation: staff report: press release: and statement by the Executive Director for the Republic of Slovenia.

Republic of Slovenia : 2014 article IV consultation: staff report: press release: and statement by the Executive Director for the Republic of Slovenia.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, ©2015.
Description:	1 online resource (63 pages) : color illustrations
Language:	English
Series:	IMF country report, 1934-7685 ; no. 15/41 IMF country report ; no. 15/41.
Subject:	International Monetary Fund -- Slovenia. International Monetary Fund. Economic development -- Slovenia. Financial risk management -- Slovenia. Fiscal policy -- Slovenia. Free enterprise -- Slovenia. Banks and banking -- Slovenia. Banking law -- Slovenia. Structural adjustment (Economic policy) -- Slovenia. Banking law. Banks and banking. Economic development. Economic history. Economic policy. Financial risk management. Fiscal policy. Free enterprise. Structural adjustment (Economic policy) Slovenia -- Economic conditions. Slovenia -- Economic policy. Slovenia. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12504289

Hidden Bibliographic Details
Varying Form of Title:	Republic of Slovenia, 2014 article IV consultation
Other authors / contributors:	International Monetary Fund.
ISBN:	9781498359627 1498359620 1484313453 9781484313459 9781484313459
Notes:	"February 2015." "January 29, 2015"--Page 2 of pdf. Includes bibliographical references. Online resource; title from pdf title page (IMF Web site, viewed February 26, 2015).
Summary:	KEY ISSUES Context: Slovenia is recovering from a profound recession, which culminated in a banking crisis in 2013. Following the recapitalization by the state of the major banks, growth has returned, supported by strong exports and EU funded public investment. Nevertheless, output is below pre-crisis levels, and unemployment remains high. Large deleveraging needs of the private and public sectors weigh on medium-term growth. Challenges: The balance sheets of banks, corporations, and the state remain vulnerable and are deeply interlinked. Without continued reforms to address these, more losses could materialize, risking renewed financial stress. Policy priorities: Slovenia needs to reignite the reform momentum to reduce vulnerabilities and boost potential growth. Priorities include the following: Address the still high non-performing loans, including through more transfers to the bank asset management company (BAMC), strengthen bank governance, and fully privatize all state-owned banks; Restructure the corporate sector by making full use of existing tools, such as the BAMC, whose independence should be safeguarded, and the new debt- restructuring legal framework; further reduce the role of the state in the economy; Consolidate the public finances through structural measures and reforms, including of the pension system, to put public debt on a sustained downward path; and Implement structural reforms to support corporate restructuring and youth employment and facilitate domestic and foreign investment.
Other form:	Print version: Dept., International Monetary Fund. European. Republic of Slovenia: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Slovenia. Washington : International Monetary Fund, ©2015
Standard no.:	10.5089/9781484313459.002

Description
Summary:	This 2014 Article IV Consultation highlights that Slovenia is recovering from a deep crisis. Growth is estimated to have reached about 2.6 percent in 2014, supported by strong exports and EU-funded public investment. The financial sector has stabilized following recapitalization of the major banks by the state. Government bonds yields have declined markedly. Growth is projected at about 1.9 and 1.7 percent in 2015 and 2016, respectively, with potential growth well below precrisis levels. Executive Directors welcomed the fact that Slovenia's economy is recovering and commended the authorities for their efforts to mend the banking system, facilitate corporate debt restructuring, and consolidate the public finances.
Item Description:	"February 2015." "January 29, 2015"--Page 2 of pdf.
Physical Description:	1 online resource (63 pages) : color illustrations
Bibliography:	Includes bibliographical references.
ISBN:	9781498359627 1498359620 1484313453 9781484313459
ISSN:	1934-7685 ;