France : Staff Report for the 2003 Article IV Consultation

1FRAEA0012003 Image
Price:  $15.00

Release Date: © October, 2003
ISBN : 978-1-45181-345-6
Stock #: 1FRAEA0012003
Stock Status: On back-order

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Over the past several years, implementation of IMF recommendations has been lacking not so much in intention as in pace and timing owing to political economy considerations and a strong social preference for publicly provided services. The discussions focused on how to foster a durable economic recovery while tackling long-standing threats to fiscal sustainability. The authorities were attentive to the possible adverse short-term effects of underlying fiscal adjustment on growth. The authorities acknowledged that containing health care spending growth would be a key challenge.

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