Republic of Latvia: Request for Stand-By Arrangement

April 27, 2001

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Republic of Latvia: Request for Stand-By Arrangement, (USA: International Monetary Fund, 2001) accessed November 23, 2024

Summary

Latvia's economy has emerged from the recession triggered by the Russian crisis. Executive Directors commended the strong economic growth and low inflation. They appreciated the open and liberal trade system and the soundness of the banking system. They emphasized the need to maintain fiscal and monetary policies, and accelerate structural reforms. They urged the authorities to implement reforms to improve private sector development, increase foreign direct investment, enhance governance, and also to privatize state-owned enterprises, and approved a Stand-By Arrangement for the country.

Subject: Balance of payments, Commercial banks, Current account deficits, External debt, Financial institutions, Financial regulation and supervision, Fiscal policy

Keywords: Baltics, Central and Eastern Europe, Commercial banks, CR, Current account deficits, Deficit, Deficit ceiling, Government of Latvia, ISCR, Program document, Staff appraisal, Stand-by, Stand-by credit

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/066
Stock No:

1LVAEA0012001
ISBN:

9781451824445
ISSN:

1934-7685

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