Republic Of Estonia: Republic Of Estonia Second Review Under the Stand-by Arrangement

January 11, 2001

Preview Citation

Format: Chicago

Republic Of Estonia: Republic Of Estonia Second Review Under the Stand-by Arrangement, (USA: International Monetary Fund, 2001) accessed December 26, 2024

Summary

The fast economic recovery despite a strong fiscal correction is a result of the government’s determined macroeconomic and structural policies. Executive Directors commend the government for adhering to its ambitious fiscal targets. The careful crafting of legislation to establish a second pillar of the pension system is appropriate. The high confidence in the currency board and the strengthening of the banking system will stabilize the financial system. Nonbanking supervision has to be strengthened further and the draft securities market law should be implemented.

Subject: Banking, Commercial banks, Expenditure, External position, Financial institutions, Foreign assets, Monetary base, Money, Personal income tax, Taxes

Keywords: Asia and Pacific, Authority, Baltics, Banking system, Commercial banks, CR, Current account, Deficit, Deficit target, Estonia review, Estonian authorities, Foreign assets, Global, ISCR, Legislation indexing, Monetary base, Personal income tax, Privatization program, Transit company

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/014
Stock No:

1ESTEA0012001
ISBN:

9781451812350
ISSN:

1934-7685

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