Greece

Abstract

Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Pursuing Pro-Growth Fiscal Policy -- B. Restoring Bank Health to Support Growth -- C. Fostering Employment -- D. Product Market Reforms to Accelerate Productivity -- E. Addressing Public Sector Efficiency and Governance Issues -- F. Future Fund Engagement -- STAFF APPRAISAL -- BOX -- 1. Stress Test Results for Greek Banks -- FIGURES -- 1. Competitiveness Indicators -- 2. Macroeconomic Developments -- 3. Fiscal Developments - General Government -- 4. Financial Sector Developments -- 5. Labor Market and Employment Developments, 2013-17 -- TABLES -- 1. Medium-Term Macro Framework, 2016-23 -- 2. Summary of Balance of Payments, 2016-23 -- 3. General Government Operations, 2016-23 -- 4. Monetary Survey, 2012-17 -- 5. Core Set of Financial Soundness Indicators (Deposit Taking Institutions), 2012-17 -- 6. General Government Financing Requirements and Sources, 2017-23 -- 7. External Financing Requirements and Sources, 2017-23 -- ANNEXES -- I. Implementation of Past IMF Recommendations -- II. The Greek Authorities' Growth Strategy -- III. Progress on Relaxation of Capital Flow Management Measures -- IV. External Sector Assessment -- V. Debt Sustainability Analysis -- VI. Long-Run Growth and Primary Balance Projections -- VII. Risk Assessment Matrix -- VIII. Social Welfare Reforms in Greece -- CONTENTS -- FUND RELATIONS -- STATISTICAL ISSUES