Republic of Estonia: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Estonia

March 9, 2009

Preview Citation

Format: Chicago

Republic of Estonia: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Estonia, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

This 2008 Article IV Consultation highlights that the economy of Estonia is now experiencing its most severe recession since the early 1990s. The financial sector has withstood the global financial turbulence well so far, but risks remain significant. Executive Directors have commended the Estonian authorities for the progress made in recent years in achieving economic convergence and deepening real and financial ties with the European Union. Directors have also commended the authorities for their planned substantial fiscal restraint in 2009.

Subject: Balance of payments, Banking, Current account, External debt, Foreign exchange, Labor, Public debt, Real exchange rates, Wages

Keywords: Baltics, Baseline scenario, Consultation, Consultation informational annex, CR, Current account, Deficit, Fund staff estimate, Global, HICP inflation, ISCR, Real exchange rates, Statement report, Wages

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/086
Stock No:

1ESTEA2009002
ISBN:

9781451812558
ISSN:

1934-7685

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