This selected Issues paper on Spain was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed on June 20, 2014.

In the context of the 2014 Article IV consultation with Spain, the following documents have been released and are included in this package: The Staff Reportprepared by a staff team of the IMF for the Executive Board’s consideration on July 7, 2014, following discussions that ended on May 27, 2014, with the officials of Spain on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on June 20, 2014; An Informational Annexprepared by the IMF; A Staff Supplement of June 30, 2014 updating information on recent developments; A Press Releasesummarizing the views of the Executive Board as expressed during its July 7, 2014 consideration of the staff reportthat concluded the Article IV consultation with Spain; A Statement by the Executive Directorfor Spain