Republic of Lithuania: Third Review Under the Stand-by Arrangement

March 5, 2003

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Format: Chicago

Republic of Lithuania: Third Review Under the Stand-by Arrangement, (USA: International Monetary Fund, 2003) accessed November 22, 2024

Summary

This paper focuses on the Republic of Lithuania’s Third Review Under the Stand-By Arrangement. Program implementation has been good and all end-December 2002 quantitative performance criteria were met. Macroeconomic performance in 2002 was better than expected: real GDP grew by 5.9 percent, led by domestic demand. Further progress was made in structural reforms during 2002, including tax reform, municipal finances, health care expenditure, banking privatization, financial sector reforms, and energy sector privatization. Some measures, however, were implemented with some delays, including privatization in the energy sector.

Subject: Banking, Central banks, Debt service, Expenditure, External debt, International reserves, Revenue administration

Keywords: Baltics, CR, Currency board arrangement, Debt service, EU accession, EU membership referendum, Europe, Global, Government, Government coalition, International reserves, ISCR, Lithuania to SDR, Objective, SDR

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/055
Stock No:

1LTUEA0012003
ISBN:

9781451823981
ISSN:

1934-7685

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