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.
The Executive Board approved a three-year Stand-by Arrangement for Greece in the amount of SDR 26.4 billion. Purchases have been made at the time of approval and upon completion of each of the first four reviews. The authorities decided to promote a number of actions, including a further reduction i...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2011.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 2011/347 |
| Online Access: | Full text available on IMF |
| Summary: | The Executive Board approved a three-year Stand-by Arrangement for Greece in the amount of SDR 26.4 billion. Purchases have been made at the time of approval and upon completion of each of the first four reviews. The authorities decided to promote a number of actions, including a further reduction in the public sector salaries, cuts in pensions, the creation of a labor reserve, significant tax expenditure reductions, and the introduction of a property tax. The authorities are accelerating the implementation of structural reforms aimed at promoting employment, investment, and market efficiency. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (162 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |