Executive Board
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on the Republic of Latvia:

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January 23, 2013
July 11, 2012
December 21, 2011
May 25, 2011
July 21, 2010

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 3.8 4.4
Consumer Prices 1.5 2.5
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Republic of Latvia: Financial Position in the Fund

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Resident Representative Office in Latvia

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Republic of Latvia and the IMF
Updated April 11, 2014

The last Article IV Executive Board Consultation was on January 23, 2013. Listed below are items related to the Republic of Latvia, in reverse chronological order (you can also view items by category).

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April 15, 2011 -- IMF Survey: IMF Support Helping Restore Growth but Key Risks Ahead
A new study finds that countries which sought financial support from the IMF in late 2008, after the failure of Lehman Brothers, are experiencing a return to growth. IMF financing helped countries stabilize their economies when their access to financial markets was seriously curtailed.
April 01, 2011 -- Corporate and Household Debt Distress in Latvia: Strengthening the Incentives for a Market-Based Approach to Debt Resolution
Author/Editor: Erbenova, Michaela | Liu, Yan | Saxegaard, Magnus
Series: Working Paper No. 11/85
December 16, 2010 -- Press Release: Joint Statement at the Conclusion of a Staff Visit to Latvia
December 09, 2010 -- Republic of Latvia 2010 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia
Series: Country Report No. 10/356
December 09, 2010 -- Republic of Latvia Third Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Rephasing of Purchases Under the Arrangement, and Request for Waiver of Applicability of a Performance Criterion
Series: Country Report No. 10/357
November 01, 2010 -- Assessing the Risk of Private Sector Debt Overhang in the Baltic Countries
Author/Editor: Herzberg, Valerie
Series: Working Paper No. 10/250
October 09, 2010 -- IMFC Statement by Sigbjoern Johnsen, Minister of Finance, Ministry of Finance, Norway
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 456Kb
September 01, 2010 -- Adjustment under a Currency Peg: Estonia, Latvia and Lithuania during the Global Financial Crisis 2008-09
Author/Editor: Purfield, Catriona | Rosenberg, Christoph B.
Series: Working Paper No. 10/213
August 12, 2010 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation and Third Review of the Stand-By Arrangement with the Republic of Latvia
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
July 23, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, IMF
July 22, 2010 -- Transcript of Conference Call On Latvia, Resident Representative in Riga
July 21, 2010 -- Press Release: IMF Completes Third Review Under Stand-By Arrangement with Latvia and Approves €105.8 Million Disbursement
July 05, 2010 -- Republic of Latvia -- Letter of Intent and Technical Memorandum of Understanding, July 05, 2010
PDF File Size: 475Kb
June 07, 2010 -- Press Release: IMF Reaches Staff-Level Agreement on Third Review Under Stand-By Arrangement with Latvia
April 24, 2010 -- IMFC Statement by Jyrki Katainen, Minister of Finance, Ministry of Finance, Finland
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 344Kb
March 15, 2010 -- Republic of Latvia: Second Review and Financing Assurances Review Under the Stand-By Arrangement, Request for Extension of the Arrangement and Rephasing of Purchases Under the Arrangement and Request for Waiver of Nonobservance and Applicability of Performance Criteria
Series: Country Report No. 10/65
February 18, 2010 -- IMF Survey: After Severe Recession, Stabilization in Latvia
Latvia has suffered one of the deepest recessions in the world. But an international support package helped the country through the worst of the crisis, and recovery is projected for late 2010. IMF Latvia mission chief Mark Griffiths looks at the Baltic state’s prospects.
February 17, 2010 -- Press Release: IMF Completes Second Review Under Stand-By Arrangement with Latvia and Approves €200.3 Million Disbursement
January 22, 2010 -- Republic of Latvia -- Letter of Intent and Technical Memorandum of Understanding, January 22, 2010
PDF File Size: 463Kb
December 10, 2009 -- IMF Survey: 'Baltic Tiger' Plots Comeback
Even though Estonia is battling falling output and rising unemployment, the east European country’s government is confident it can ride out the global economic crisis. So confident, in fact, that it announces it is close to meeting all the criteria for adopting the euro.

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