Belgium: Staff Report for the 2011 Article IV Consultation—Informational Annex

International Monetary Fund

doi:10.5089/9781475502381.002.A002

Belgium : Staff Report for the 2011 Article IV Consultation

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Volume/Issue:: 2012/55
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: March 2012
DOI:: http://dx.doi.org/10.5089/9781475502381.002
ISBN:: 9781475502381
ISSN:: 1934-7685
Page:: 54

This 2011 Article IV Consultation reports that the vulnerability of Belgium's sovereign debt to market pressures makes credible medium-term fiscal consolidation a priority. The 2012 budget includes sizable consolidation measures, and the government is committed to take additional measures as needed with the aim of reaching structural balance by 2015. In light of the weak growth prospects, automatic stabilizers should be allowed to operate freely around the consolidation path. There is a need to strengthen banking supervision and to implement the Basel III and Solvency II regulatory frameworks.

IMF Staff Country Reports: Belgium - Staff Report for the 2011 Article IV Consultation

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Belgium: Staff Report for the 2011 Article IV Consultation—Informational Annex

Author(s):: International Monetary Fund
Published Date:: March 2012

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Belgium : Staff Report for the 2011 Article IV Consultation

Belgium: Staff Report for the 2011 Article IV Consultation—Informational Annex

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