Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS -- DISCUSSIONS -- A. Outlook -- B. Economic Policies -- PROGRAM MODALITIES -- STAFF APPRAISAL -- BOXES -- 1. Banking Sector Restructuring -- 2. Health Spending Overruns -- 3. Toward a New Property Tax in Greece -- 4. Exceptional Access Criteria -- FIGURES -- 1. Demand Indicators, 2007-13 -- 2. Supply Indicators, 2007-13 -- 3. Labor Market Developments, 2007-13 -- 4. Inflation Developments, 2005-13 -- 5. Balance of Payments, 2010-13 -- 6. Competitiveness Indicators, 2005-13 -- 7. Financial Indicators, 2007-13 -- 8. Money and Banking Developments, 2007-13 -- 9. Household Balance Sheet, 2007-13 -- 10. Corporations Balance Sheet, 2007-13 -- TABLES -- 1. Selected Economic Indicators, 2009-14 -- 2. Summary of Balance of Payments, 2010-18 -- 3. Monetary Survey, 2010-14 -- 4. Monetary Financial Institutions (excl. BoG)- Uses and Sources of Funds, 2010-16 -- 5. Core Set of Financial Soundness Indicators for Deposit-Taking Institutions, 2009-13 -- 6. Modified General Government Cash Balance, 2012-16 -- 7. General Government Operations, 2010-17 -- 8. General Government Statement of Operations -- 9. Financial Balance Sheet (GFSM 2001, stocks), 2008-12 -- 10. Revenue Collection Process-Issues and Actions -- 11. Spending Process-Issues and Actions -- 12. Implementation of Structural Reforms -- 13. Medium-Term Macro Framework, 2012-18 -- 14. Selected Structural Reforms Ahead, 2013-14 -- 15. Schedule of Proposed Purchases under the Extended Arrangement, 2012-16 -- 16. General Government Financing Requirements and Sources, 2012-16 -- 17. External Financing Requirements and Sources -- 18. Indicators of Fund Credit -- ANNEXES -- I. Debt Sustainability Analysis -- II. Fund Relations -- APPENDIXES -- I. Letter of Intent -- II. Memorandum of Economic and Financial Policies.

III. Technical Memorandum of Understanding -- IV. Letter of Intent to the European Commission and the European Central Bank -- V. Memorandum of Understanding on Specific Economic Policy Conditionality -- 1 Achieving sound public finances -- 2 Structural reforms with budgetary relevance -- 3 Stabilising the Financial System -- 4 Strengthening labour market institutions and promoting employment -- 5 Creating favourable conditions for economic activity -- 6 Efficient Network Industries and Services -- 7 Increasing the impact of structural and cohesion funds -- 8 Monitoring -- 9 Annexes -- Statement by the Staff Representative on Greece July 29, 2013 -- Tables -- Table 1. Greece: Prior Actions for the Fourth Review -- Table 2. Key Performance Indicators on Tax Administration -- IMF Completes Fourth Review Under Extended Fund Facility Arrangement for Greece, Approves €1.72 Billion Disbursement -- Statement by Thanos Catsambas, Alternate Executive Director for Greece July 29, 2013 -- A. Political Developments -- B. General Outlook and Market Sentiments -- C. Macroeconomic Framework and Structural Reforms: Main Issues and Achievements -- D. Challenges, Corrective Measures and Next Steps -- E. Growth Prospects and International Support -- F. Risks and Conclusion.