Ministry of Finance systematises measures of support programme for Portugal


The Ministry of Finance published, on 7 June 2011, a document containing the systematisation of measures that Portugal must implement until the end of 2011 under the economic and financial support to be provided by the International Monetary Fund (IMF) and by the European Commission (EC).

The document stratifies the measures included in the Memorandum of Understanding on Economic Policy Conditionality (celebrated with the EC) and in the Memorandum of Economic and Financial Policies (celebrated with the IMF), according to the objectives and the following criteria: implementation date, entities involved, nature (for structural benchmarks measures); and corresponding paragraph in the Memorandum.

The following are the measures with an impact on the postal and electronic communications, all of which aim at improving competitiveness: by the end of the second quarter - measure 9 (implementation of the EU electronic communications regulatory framework); by the end of the third quarter - measures 10, 11, 12, 13 and 14 (such as the auction of frequencies and the reduction of mobile termination rates, rules definition associated with the provision of universal service, measures to increase competition in the fixed communications market, and the transposition of the 3rd Postal Directive).

Additionally, and to be completed by the end of 2011, measure 38 which provides the identification of the best international practices with a view to strengthen regulator  independence, where appropriate and in full compliance with the EU legislation, aiming to improve competitiveness.

Further information:

Sistematisation of the measures of the Economic and Financial Adjustment Programme for Portugal, to implement up to the end-2011http://www.min-financas.pt/download_en.asp?num_links=0&link=inf_geral/SI_Medidas_EN.pdf


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