This report provides a general overview and assessment of the performance of the Portuguese economy under the EU/IMF Economic Adjustment Program for Portugal and the remaining challenges ahead. The Program, which covered the period 2011-2014, provided official sector financing by the European Union, the euro-area Member States and the IMF of some EUR 78 billion, for Portugal's possible fiscal financing needs and support to the banking system. One third was to be financed by the European Union under the European Financial Stabilization Mechanism (EFSM), another third by the European Financial Stability Facility (EFSF), and the remaining third by the IMF under an Extended Fund Facility. [...]