01597cas a2200241 a 4500 AALejournalIMF012043 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475505818 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Spain : Staff Report for the 2012 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (86 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 The Spanish economy suffered an unprecedented double-dip recession with the rising unemployment and public debt situation. Spain also suffered a reversal of private external financing flows in 2011 and 2012. To counter this situation, major policy actions have been taken in the banking sector. The fiscal framework has been improved, and a scheme for clearing subnational arrears has been established. The Executive Board emphasized the need for sustained efforts and a medium-term strategy for structural reforms and financial sector restructuring. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/202 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/202/002.2012.issue-202-en.xml IMF e-Library