Portugal and the International Monetary Fund

Additionally, the quick stop of capital flows in Portugal was made easier because of this increasing amount of debt that was being accrued.

[2] The agreement that Portugal and the IMF made focused on both monetary contraction and reforms on economic structure.

The IMF reforms for Portugal included changes to labor and product markets, taxes, pensions and the public and the financial sector.

These conditions included structural benchmarks and prior actions predominately in Portugal's fiscal sector.

On one hand, Portugal recovered their access to Capital markets, which was a main goal of the program and the largest contributor to their crisis.

This report details that although investments and exports have spurred growth and low inflation throughout 2017, there is persisting unemployment in Portugal.