Republic of Estonia: Staff Report for the 2011 Article IV Consultation

November 29, 2011

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Republic of Estonia: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2011) accessed November 22, 2024

Summary

The staff report for the 2011 Article IV Consultation concluded that a vibrant recovery marked Estonia’s first year in the euro area, albeit amid nascent tensions. The economy’s strong rebound has been grounded in a proven track record of prudent macroeconomic policies. Executive Directors endorsed that Estonia faces an increasingly challenging environment as it looks to continue implementing policies preserving macroeconomic policy credibility and safeguarding sustainable growth. They also stated that, for the financial sector, the challenge entails safeguarding stability in the context of heightened global financial tension.

Subject: Banking, Expenditure, External debt, Financial derivatives, Financial institutions, Fiscal stance, Income, National accounts, Public debt

Keywords: Core inflation, CR, Estonia, Estonia's attractiveness, Euro, Exchange arrangement, Exchange rate, Financial derivatives, Financing, Fiscal tradition, Global, Government balance sheet, Hard-earned fiscal credibility, Income, ISCR, Liability positions vis-à-vis nonresident, Real GDP, Vis-à-vis nonresident

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/333
Stock No:

1ESTEA2011002
ISBN:

9781463925895
ISSN:

1934-7685

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