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Record Nr. |
UNINA9910458754503321 |
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Titolo |
Greece : fifth review under the extended arrangement under the extended fund facility, and request for waiver of nonobservance of performance criterion and rephasing of access; staff report; press release; and statement by the executive director for Greece |
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Pubbl/distr/stampa |
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Washington, District of Columbia : , : International Monetary Fund, , 2014 |
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©2014 |
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ISBN |
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1-4983-8935-X |
1-4983-9996-7 |
1-4983-1489-9 |
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Descrizione fisica |
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1 online resource (227 p.) |
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Collana |
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IMF Country Reports ; ; 14/151 |
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Disciplina |
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Soggetti |
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Economic development - Greece |
Economic indicators - Greece |
Electronic books. |
Greece Economic conditions |
Greece Economic policy |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di contenuto |
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Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS; DISCUSSIONS; A. Outlook; B. Economic Policies; PROGRAM MODALITIES; STAFF APPRAISAL; BOXES; 1. Magnitude and Quality of Greece's Fiscal Adjustment; 2. Stress Test; 3. Findings of Privatization Review; 4. Exceptional Access Criteria; FIGURES; 1. Demand Indicators, 2007-14; 2. Supply Indicators, 2007-14; 3. Labor Market Developments, 2007-13; 4. Inflation Developments, 2005-14; 5. Major Components of Tradeables and Nontradeables in HICP Inflation, 2007-14; 6. Competitiveness Indicators, 2005-14; 7. Balance of Payments, 2005-14 |
8. Revenue and Expenditure Trends, 2000-139. Financial Indicators, 2007-14; 10. Money and Banking Developments, 2007-14; 11. Household Balance Sheet, 2007-14; 12. Corporations' Balance Sheet, 2005-14; TABLES; 1. Selected Economic Indicators, 2010-15; 2. |
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Summary of Balance of Payments, 2011-19; 3. General Government Operations, 2011-17; 4. Modified General Government Cash Balance, 2012-17; 5. General Government: Statement of Operations (GFSM 2001, flows), 2011-16; 6. Monetary Survey, 2011-15; 7. Monetary Financial Institutions (excl. BoG)-Uses and Sources of Funds, 2011-16 |
8. Core Set of Financial Soundness Indicators for Deposit-Taking Institutions, 2009-139. Financial Balance Sheet (GFSM 2001, stocks), 2010-13; 10. Implementation of Structural Reforms; 11. Medium-Term Macro Framework, 2012-19; 12. Selected Structural Reforms Ahead, 2014; 13. Schedule of Proposed Purchases under the Extended Arrangement, 2012-16; 14. State Government Financing Requirements and Sources, 2013-16; 15. External Financing Requirements and Sources, 2011-19; 16. Indicators of Fund Credit, 2012-26; ANNEX; I. Debt Sustainability Analysis; APPENDIXES; I. Letter of Intent |
Attachment I. Memorandum of Economic and Financial Policies Attachment II. Technical Memorandum of Understanding; II. Letter of Intent to the European Commission and the European Central Bank; Attachment I. Memorandum of Understanding on Specific Economic Policy Conditionality; Contents; 1. Achieving sound public finances; 2. Structural reforms with budgetary relevance; 2.1. Privatising to boost efficiency in the economy and reduce public debt; 2.1.1. PPC restructuring and privatisation; 2.1.2. Provisions regarding the privatisation of PPC and DESFA |
2.1.3. Reforms of the Governance of Privatisation 2.1.4. Reforms to speed up privatisation of real estate; 2.1.5. Securitisation-Monetisation; 2.1.6. Privatisation Revenues; 2.2. Tax policy reforms; 2.2.1. Complete the reform of the Tax Codes and Property Tax; 2.2.2. Improving the VAT system; 2.3. Revenue administration reforms; 2.3.1. Organization; 2.3.2. Fight against tax evasion, money laundering and corruption; 2.3.3. Revenue and debt collection; 2.3.4. Management of the Public Revenue Service; 2.4. Public Financial Management Reforms; 2.4.1. Monitoring and reporting |
2.4.2. Payment flows and clearance of arrears |
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Sommario/riassunto |
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This paper discusses Greece's Fifth Review Under the Extended Arrangement Under the Extended Fund Facility (EFF), and Request for Waiver of Nonobservance of Performance Criterion and Rephasing of Access. Greece has gone from having the weakest to the strongest cyclically adjusted fiscal position within the euro area in just four years. But more fiscal adjustment is needed to restore debt sustainability. Structural reforms are progressing, although unevenly. The redoubling of efforts to liberalize products and service markets are much welcomed. On the basis of reforms undertaken in the contex |
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