Spain: Financial Sector Reform—Final Progress Report
Authors : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Published Date : 2014-02-20
ISBN-13 : 9781475533491
Page : 56 Pages
Language : en
Descriptions Spain: Financial Sector Reform—Final Progress Report
This paper discusses key findings of the progress report on financial sector reforms in Spain. Spain’s European Stability Mechanism (ESM)-supported program of financial sector reform aimed to assist economic recovery by promoting financial stability. The program was adopted in mid-2012. The Spanish authorities’ implementation of the program has been steadfast. All of the program’s specific measures are now complete. Major structural reform efforts in a variety of areas (including labor and fiscal policies) will need to continue to achieve sufficiently rapid growth to bring unemployment down to reasonable levels over the medium term.