Republic of Lithuania: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Lithuania

September 1, 2021

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Format: Chicago

Republic of Lithuania: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Lithuania, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Summary

With a demonstrated resilience to the crisis and the recovery gaining strength, macroeconomic policies should aim at preserving stability and complementing structural reforms that address long-standing challenges. A medium-term plan to rebuild buffers, support potential growth, and target pockets of vulnerability would help address pre-existing disparities and poverty. Sustained productivity growth, supported by the implementation of politically difficult but needed structural reforms, is the only way to support high wage growth and convergence with Western Europe. Failure to do so could jeopardize Lithuania’s hard-earned competitiveness gains.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), COVID-19, Crime, Financial institutions, Financial statements, Health, International organization, Loans, Monetary policy, Nonperforming loans, Public financial management (PFM)

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Authorities' agenda, Baltics, COVID-19, Europe, Financial statements, Global, Hard-earned competitiveness gain, Lithuanian authorities, Loans, Nonperforming loans, Potential GDP, Transparency policy, Western Europe

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/192
Stock No:

1LTUEA2021001
ISBN:

9781513593197
ISSN:

1934-7685

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