Publication - Portugal : Fifth Post Program Monitoring Discussions-Press Release; Staff Report; and Statement by the Executive Director for Portugal
EXECUTIVE SUMMARY
Portugal has benefited from market financing on relatively favorable terms since the end of their arrangement under the Fund’s Extended Fund Facility in 2014. The return to financial markets reflected the successful stabilization of Portugal’s economy under the program, and has been supported by the ECB’s accommodative monetary stance since early 2015.