Republic of Lithuania: Staff Report for the 2014 Article IV Consultation

May 8, 2014

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Republic of Lithuania: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed November 22, 2024

Summary

This 2014 Article IV Consultation highlights that Lithuania’s economy has entered a broadly favorable trajectory of healthy and balanced growth, but income convergence with Western Europe has a long way to go. With inflation at historical lows and well-advanced repair of public finances damaged by the 2008/09 crisis, meeting the entry criteria seems on track. Financial stability has improved further in 2013, with the capital adequacy ratio exceeding 17 percent and steady progress in reducing nonperforming loans. The main challenge is now resuscitating the sluggish private sector credit growth, which could undermine investment and the recovery if it continued for much longer.

Subject: Banking, Credit, External debt, Financial institutions, Labor, Loans, Money, Public debt

Keywords: Baltics, BoL website, CR, Credit, Credit growth, Euro, Euro adoption, GDP, Global, Government, Government finances, Government's program, ISCR, Lithuanian authorities, Loans, Western Europe, Year consolidation effort

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/113
Stock No:

1LTUEA2014001
ISBN:

9781484374733
ISSN:

1934-7685

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