01850cas a2200241 a 4500 AALejournalIMF011784 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475503067 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Portugal : Third Review Under the Extended Arrangement and Request for Waiver of Applicability of End-March Performance Criteria: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Portugal. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (129 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents Portugal's third review under the extended arrangement and request for waiver of applicability of end-March performance criteria. The government has initiated labor market reforms, privatizations, telecom sector liberalization, and improved competition framework. Competitiveness indicators are showing some signs of improvement with wages declining in some sectors and a sizable improvement in the current account deficit in 2011. Although the banking system continues to be heavily reliant on euro system funding, the required adjustment in banks' balance sheets has started. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/077 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/077/002.2012.issue-077-en.xml IMF e-Library