Republic of Lithuania: 2011 Article IV Consultation
IMF Staff Country Reports, November 21, 2011
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- Canonical URL
- Republic of Lithuania: 2011 Article IV Consultation
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Bibliographic details
- Published: November 21, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463925246.002
Main findings: economic recovery and drivers
- The economy in the Republic of Lithuania has "staged an impressive recovery" based on a supportive global environment and determined policy adjustment.
- The main driver of the recovery was export growth.
- Executive Directors commended the authorities for Lithuania’s impressive economic recovery, noting in particular the sizable fiscal consolidation and the maintenance of confidence in the banking system.
- Directors supported the authorities’ goal of reducing further the fiscal deficit, thereby putting government debt on a downward path.
Policy assessment and implications
- Fiscal policy: Sizable fiscal consolidation was completed and further deficit reduction was endorsed to put government debt on a downward trajectory.
- Financial sector: Confidence in the banking system was maintained and recognized by Executive Directors.
- External environment: A supportive global environment contributed materially to the recovery, amplifying export-led growth.
Subject areas and keywords
- Subject: Banking, External debt, Financial institutions, Financial regulation and supervision, Loans, Nonperforming loans, Public debt
- Keywords: authority, Baltics, CR, debt, deficit, financing, financing needs, fiscal consolidation effort, Global, ISCR, Lithuanian authorities, Loans, Nonperforming loans, securities sector supervision function, Southern Europe, State privatization Fund
Content in this bundle
- _cr11326 - Appendix II)