LEADER 08805oam 22016334 450 001 9910791145103321 005 20200520144314.0 010 $a1-4983-8935-X 010 $a1-4983-9996-7 010 $a1-4983-1489-9 035 $a(CKB)2550000001341514 035 $a(EBL)1760071 035 $a(SSID)ssj0001398973 035 $a(PQKBManifestationID)11891176 035 $a(PQKBTitleCode)TC0001398973 035 $a(PQKBWorkID)11446581 035 $a(PQKB)10416437 035 $a(MiAaPQ)EBC1760071 035 $a(Au-PeEL)EBL1760071 035 $a(CaPaEBR)ebr10904703 035 $a(CaONFJC)MIL634059 035 $a(OCoLC)886114833 035 $a(IMF)1GRCEE2014001 035 $a(IMF)1GRCEA2014001 035 $a(EXLCZ)992550000001341514 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGreece : $eFifth Review Under the Extended Arrangement Under the Extended Fund Facility, and Request for Waiver of Nonobservance of Performance Criterion and Rephasing of Access 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (227 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4983-3819-4 311 $a1-322-02808-7 327 $aCover; 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, 2005-14 327 $a8. 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. 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, 2011-16 327 $a8. 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 327 $aAttachment 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 327 $a2.1.3. 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 327 $a2.4.2. Payment flows and clearance of arrears 330 3 $aThis paper discusses Greece?s Fifth Review Under the Extended Arrangement Under the Extended Fund Facility (EFF), and Request for Waiver of Nonobservance of Performance Criterion and Rephasing of Access. Greece has gone from having the weakest to the strongest cyclically adjusted fiscal position within the euro area in just four years. But more fiscal adjustment is needed to restore debt sustainability. Structural reforms are progressing, although unevenly. The redoubling of efforts to liberalize products and service markets are much welcomed. On the basis of reforms undertaken in the context of this review, and the government?s policy commitments going forward, the IMF staff supports the completion of the fifth review. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2014/151 606 $aEconomic development$zGreece 606 $aEconomic indicators$zGreece 606 $aAccounting$2imf 606 $aBanks and Banking$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aIndustries: Financial Services$2imf 606 $aMoney and Monetary Policy$2imf 606 $aFinance: General$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aFiscal Policy$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aPublic Administration$2imf 606 $aPublic Sector Accounting and Audits$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aLabor Economics: General$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aBanking$2imf 606 $aFinance$2imf 606 $aPublic finance & taxation$2imf 606 $aFinancial reporting, financial statements$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aMonetary economics$2imf 606 $aNonperforming loans$2imf 606 $aPublic financial management (PFM)$2imf 606 $aFiscal consolidation$2imf 606 $aFinancial statements$2imf 606 $aLabor$2imf 606 $aLoans$2imf 606 $aFinancial institutions$2imf 606 $aExpenditure$2imf 606 $aCredit$2imf 606 $aMoney$2imf 606 $aBanks and banking$2imf 606 $aFiscal policy$2imf 606 $aFinance, Public$2imf 606 $aLabor economics$2imf 606 $aExpenditures, Public$2imf 607 $aGreece$xEconomic conditions 607 $aGreece$xEconomic policy 607 $aGreece$2imf 615 0$aEconomic development 615 0$aEconomic indicators 615 7$aAccounting 615 7$aBanks and Banking 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aIndustries: Financial Services 615 7$aMoney and Monetary Policy 615 7$aFinance: General 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aFiscal Policy 615 7$aNational Government Expenditures and Related Policies: General 615 7$aPublic Administration 615 7$aPublic Sector Accounting and Audits 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aLabor Economics: General 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aBanking 615 7$aFinance 615 7$aPublic finance & taxation 615 7$aFinancial reporting, financial statements 615 7$aLabour 615 7$aincome economics 615 7$aMonetary economics 615 7$aNonperforming loans 615 7$aPublic financial management (PFM) 615 7$aFiscal consolidation 615 7$aFinancial statements 615 7$aLabor 615 7$aLoans 615 7$aFinancial institutions 615 7$aExpenditure 615 7$aCredit 615 7$aMoney 615 7$aBanks and banking 615 7$aFiscal policy 615 7$aFinance, Public 615 7$aLabor economics 615 7$aExpenditures, Public 676 $a330.938 801 0$bDcWaIMF 906 $aBOOK 912 $a9910791145103321 996 $aGREECE$9112492 997 $aUNINA