Executive Board
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on the Republic of Latvia:

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May 2, 2014
January 23, 2013
July 11, 2012
December 21, 2011
May 25, 2011

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 2.7 3.2
Consumer Prices 0.7 1.6
Source: World Economic Outlook (October 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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Republic of Latvia and the IMF
Updated October 11, 2014

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Publications
May 08, 2014 -- Baltic Cluster Report: 2014 Cluster Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Baltic Countries
May 08, 2014 -- Baltic Cluster Report: Selected Issues
January 28, 2013 -- Republic of Latvia: 2012 Article IV Consultation and Second Post-Program Monitoring Discussions
Series: Country Report No. 13/28
January 28, 2013 -- Republic of Latvia: Selected Issues
Series: Country Report No. 13/29
January 28, 2013 -- Republic of Latvia: Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia
Series: Country Report No. 13/30
July 16, 2012 -- Republic of Latvia: First Post-Program Monitoring Discussions
Series: Country Report No. 12/171
February 07, 2012 -- Republic of Latvia: Fifth Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Waiver of Nonobservance of a Performance Criterion, and Proposal for Post-program Monitoring
Series: Country Report No. 12/31
June 08, 2011 -- Republic of Latvia: Fourth Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Rephasing of Purchases Under the Arrangement and Request for Waiver of Nonobservance of a Performance Criterion
Series: Country Report No. 11/126
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 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
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
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
September 30, 2009 -- Republic of Latvia: First Review and Financing Assurances Review Under the Stand By Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, and Rephasing of Purchases Under the Arrangement
Series: Country Report No. 09/297
June 01, 2009 -- Decoupling from the East Toward the West? Analyses of Spillovers to the Baltic Countries
Author/Editor: Obiora, Kingsley I
Series: Working Paper No. 09/125
April 17, 2009 -- Republic of Latvia: Stand-By Arrangement - Interim Review Under the Emergency Financing Mechanism
Series: Country Report No. 09/125
January 09, 2009 -- Republic of Latvia: Request for Stand-By Arrangement - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia
Series: Country Report No. 09/3
April 01, 2008 -- Current Account Developments in New Member States of the European Union: Equilibrium, Excess, and EU-Phoria
Author/Editor: Rahman, Jesmin
Series: Working Paper No. 08/92
October 26, 2007 -- Financial Integration in the Nordic-Baltic Region: Challenges for Financial Policies
Author/Editor: Tieman, Alexander F. | Khamis, May Y. | Haas, François | Schoenmaker, Dirk
June 04, 2007 -- Republic of Latvia: Report on the Observance of Standards and Codes on Anti-Money Laundering and Combating the Financing of Terrorism
Series: Country Report No. 07/188
June 04, 2007 -- Republic of Latvia: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
Series: Country Report No. 07/189
November 22, 2006 -- Czech Republic, Republic of Estonia, Hungary, Republic of Latvia, Republic of Lithuania, Republic of Poland, Slovak Republic, and Republic of Slovenia - Export Structure and Credit Growth
Series: Country Report No. 06/414
October 12, 2006 -- Republic of Latvia: Selected Issues
Series: Country Report No. 06/354
August 10, 2005 -- Republic of Latvia: Selected Issues
Series: Country Report No. 05/277
August 16, 2004 -- Republic of Latvia: Selected Issues
Series: Country Report No. 04/261
July 07, 2004 -- The Baltics: Competitiveness on the Eve of EU Accession
Author/Editor: Burgess, Robert | Fabrizio, Stefania | Xiao, Yuan
July 01, 2004 -- Republic of Latvia: Report on the Observance of Standards and Codes--Data Module, Response by the Authorities, and Detailed Assessments Using Data Quality Assessment Framework
Series: Country Report No. 04/185
January 14, 2004 -- Capital Markets and Financial Intermediation in The Baltics
Author/Editor: Schipke, Alfred | Beddies, Christian H. | George, Susan Mary | Sheridan, Niamh
Series: Occasional Paper No. 228
November 01, 2003 -- Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans
Author/Editor: Cottarelli, Carlo | Dell'Ariccia, Giovanni | Hollar, Ivanna Vladkova
Series: Working Paper No. 03/213
September 01, 2003 -- Reforming Tax Systems: Experience of the Baltics, Russia, and Other Countries of the Former Soviet Union
Author/Editor: Stepanyan, Vahram
Series: Working Paper No. 03/173
April 28, 2003 -- Republic of Latvia: Statistical Appendix
Series: Country Report No. 03/112
April 28, 2003 -- Competitiveness in the Baltics in the Run-Up to EU Accession
Series: Country Report No. 03/114
April 28, 2003 -- Capital Markets and Financial Intermediation in the Baltic States
Series: Country Report No. 03/115
July 18, 2002 -- Republic of Latvia: First and Second Reviews Under the Stand-By Arrangement and Request for a Waiver of a Performance Criterion--Staff Report; Staff Statement; News Brief on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia
Series: Country Report No. 02/149
July 18, 2002 -- Republic of Latvia: First and Second Reviews Under the Stand-By Arrangement and Request for a Waiver of a Performance Criterion--Staff Report; Staff Statement; News Brief on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia
Series: Country Report No. 02/149
April 12, 2002 -- The Baltic Countries: Medium-Term Fiscal Issues Related to EU and NATO Accession
Author/Editor: Mueller, Johannes | Beddies, Christian H. | Burgess, Robert | Kramarenko, V. | Mongardini, Joannes
Series: Occasional Paper No. 213
April 12, 2002 -- The Baltic Countries: Medium-Term Fiscal Issues Related to EU and NATO Accession
Author/Editor: Mueller, Johannes | Beddies, Christian H. | Burgess, Robert | Kramarenko, V. | Mongardini, Joannes
Series: Occasional Paper No. 213
March 22, 2002 -- The Republic of Latvia: Financial System Stability Assessment, including Reports on Observance of Standards and Codes on the following topics: Banking Supervision; Payment Systems; Securities Regulation; Insurance Regulation; and Monetary and Financial Policy Transparency
Series: Country Report No. 02/67
March 22, 2002 -- The Republic of Latvia: Financial System Stability Assessment, including Reports on Observance of Standards and Codes on the following topics: Banking Supervision; Payment Systems; Securities Regulation; Insurance Regulation; and Monetary and Financial Policy Transparency
Series: Country Report No. 02/67
January 25, 2002 -- The Republic of Latvia: Statistical Appendix
Series: Country Report No. 02/11
January 25, 2002 -- The Republic of Latvia: Statistical Appendix
Series: Country Report No. 02/11
January 24, 2002 -- The Baltics: Medium-Term Fiscal Issues Related to EU and NATO Accession
Series: Country Report No. 02/07
January 24, 2002 -- The Baltics: Medium-Term Fiscal Issues Related to EU and NATO Accession
Series: Country Report No. 02/07
September 01, 2001 -- A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe
Author/Editor: Klyuev, Vladimir
Series: Working Paper No. 01/140
September 01, 2001 -- A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe
Author/Editor: Klyuev, Vladimir
Series: Working Paper No. 01/140
April 27, 2001 -- Republic of Latvia: Request for Stand-by Arrangement -- Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement on Behalf of the Authorities of the Republic of Latvia
Series: Country Report No. 01/66
January 03, 2001 -- Pension Reform in the Baltics: Issues and Prospects
Author/Editor: Schiff, Jerald Alan | Hobdari, Niko | Schimmelpfennig, Axel | Zytek, Roman
Series: Occasional Paper No. 200
January 03, 2001 -- Pension Reform in the Baltics: Issues and Prospects
Author/Editor: Schiff, Jerald Alan | Hobdari, Niko | Schimmelpfennig, Axel | Zytek, Roman
Series: Occasional Paper No. 200
August 18, 2000 -- Republic of Latvia: Selected Issues and Statistical Appendix
Series: IMF Staff Country Report No. 00/100
July 11, 2000 -- Republic of Latvia: Staff Report for the 2000 Article IV Consultation and First Review Under the Stand-by Arrangement
Series: IMF Staff Country Report No. 00/78
Notes: Included with the Staff Report are the text of Public Information Notice No. 00/48 -- IMF Concludes Article IV Consultation with Latvia and a statement by Olli-Pekka Lehmussaari, Executive Director for the Republic of Latvia, June 30, 2000
February 29, 2000 -- Current Account and External Sustainability in the Baltics, Russia, and Other Countries of the Former Soviet Union
Author/Editor: McGettigan, Donal
Series: Occasional Paper No. 189
February 01, 2000 -- The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union - A View from the Supply Side
Author/Editor: de Broeck, Mark | Koen, Vincent
Series: Working Paper No. 00/32
September 20, 1999 -- Latvia--Selected Issues and Statistical Appendix
Series: IMF Staff Country Report No. 99/99
August 30, 1999 -- Tax Reform in the Baltics, Russia, and Other Countries of the Former Soviet Union
Author/Editor: Ebrill, Liam P.
Series: Occasional Paper No. 182
August 10, 1999 -- Latvia - Staff Report for the 1999 Article IV Consultation
Series: IMF Staff Country Report No. 99/77
Notes: Included with the Staff Report are the text of Public Information Notice No. 99/71--IMF Concludes Article IV Consultation with Latvia and a Statement by Mr. Hansen, Executive Director, on July 28, 1999.
May 06, 1999 -- Transforming Financial Systems in the Baltics, Russia and Other Countries of the Former Soviet Union
Author/Editor: Knight, Malcolm D. | Petersen, Arne B. | Price, Robert T.
January 06, 1999 -- Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97
Author/Editor: Valdivieso, Luis
Series: Occasional Paper No. 175
November 25, 1998 -- The Baltic Countries: From Economic Stabilization to EU Accession
Author/Editor: Berengaut, Julian | López-Claros, Augusto | Le Gall, Françoise | Schiff, Jerald Alan | Jones, Dennis | Stern, Richard E. | Westin, Kerstin | Psalida, L. Effie | Garibaldi, Pietro
Series: Occasional Paper No. 173
June 04, 1998 -- Republic of Latvia - Selected Issues and Statistical Appendix
Series: IMF Staff Country Report No. 98/47
May 01, 1998 -- Government Expenditure Arrears - Securitization and Other Solutions
Author/Editor: Ramos, Alberto M.
Series: Working Paper No. 98/70
September 01, 1997 -- Monetary Impact of a Banking Crisis and the Conduct of Monetary Policy
Author/Editor: García-Herrero, Alicia
Series: Working Paper No. 97/124
January 23, 1997 -- Republic of Latvia - Recent Economic Developments
Series: IMF Staff Country Report No. 96/143
July 01, 1996 -- Recent Trade Policies and an Approach to Further Reform in the Baltics, Russia, and Other Countries of the Former Soviet Union
Author/Editor: Leidy, Michael P. | Ibrahim, Ali
Series: Working Paper No. 96/71
April 15, 1996 -- Agricultural Credit in the Baltics, Russia, and Other States of the Former Soviet Union
Author/Editor: Lahiri, Ashok | Sobolev, Yuri Vladimirovich
Series: Papers on Policy Analysis and Assessment No. 96/2
December 19, 1995 -- Latvia - Recent Economic Developments
Series: IMF Staff Country Report No. 95/125
Notes: This report on recent economic developments in Latvia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Latvia, or the Executive Board of the IMF.
September 26, 1995 -- Road Maps of the Transition: The Baltics, the Czech Republic, Hungary, and Russia
Author/Editor: Banerjee, Biswajit | Koen, Vincent | Krueger, Thomas | Lutz, Mark Scott | Marrese, Michael | Saavalainen, Tapio
Series: Occasional Paper No. 127
February 01, 1995 -- Setting up a Treasury in Economies in Transition
Author/Editor: Ter-Minassian, Teresa | Parente, Pedro Pullen | Martínez-Méndez, Pedro
Series: Working Paper No. 95/16