Greece : Staff Report on Request for Stand-By Arrangement

1GRCEA2010001 Image
Price:  $18.00

Release Date: © May, 2010
ISBN : 978-1-45520-689-6
Stock #: 1GRCEA2010001
Stock Status: On back-order

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The Greek economy is teetering owing to heavy public debt and loss of market access. Greece is adopting an ambitious comprehensive multiyear adjustment program to lower the fiscal deficit and the debt ratio, reduce domestic demand in line with capacity, and increase supply and competitiveness so that the economy can step onto a higher growth path led by investments and exports. Greece needs a strong and sustained adjustment program to lower the fiscal deficit substantially and create the basis for a declining debt ratio.


Economic policy , Fiscal policy , IMF governance and operations , Monetary policy , Operations , Performance Criteria , Stand-by Arrangements

More publications in this series: IMF Staff Country Reports