Republic of Lithuania: Request for Stand-By Arrangement
IMF Staff Country Reports, September 14, 2001
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- Republic of Lithuania: Request for Stand-By Arrangement
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Bibliographic details
- Authors: Arrangement Lithuania
- Published: September 14, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451824063.002
Summary — Findings and Program Goals
- Lithuania achieved significant progress in macroeconomic stabilization and structural reforms under the previous Stand-By Arrangement.
- Executive Directors welcomed the new program, which aimed at:
- maintaining macroeconomic stability,
- promoting private sector activity,
- strengthening external viability,
- attaining sustainable growth, and
- creating employment opportunities.
- Executive Directors stressed the need to implement fiscal and structural reforms.
- Executive Directors agreed that the authorities are following an appropriate approach of:
- preparing a medium-term fiscal framework,
- determining priorities, and
- seeking ways to achieve the medium-term goal of a balanced budget.
Policy recommendations and implementation priorities
- Implement fiscal reforms to support the medium-term goal of a balanced budget.
- Implement structural reforms to sustain macroeconomic stabilization and strengthen private sector activity.
- Finalize and operationalize a medium-term fiscal framework that sets clear priorities for fiscal policy and public spending.
- Pursue measures to strengthen external viability to support sustainable growth and employment creation.
Subject areas and keywords (as listed)
- Subject: Arrears, Banking, Commercial banks, Economic sectors, Expenditure, External debt, Financial institutions, Privatization
- Keywords: Arrears, authorities' strategy, Baltics, Commercial banks, CR, EU accession, EU requirement, government, government intervention, government regulation, ISCR, Privatization, privatization program, SDR, Western Europe