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View over the river Daugava towards the Gulf of Riga, Latvia. Photo by GothPhil

Latvia Resident Representative Site

Resident Representative Office in Latvia

This web page presents information about the work of the IMF in Latvia, including the activities of the IMF Resident Representative Office. Additional information can be found on the Latvia and IMF country page, including IMF reports and Executive Board documents that deal with Latvia.

At a Glance : Latvia's Relations with the IMF

  • Current IMF membership: 188 countries
  • Latvia Joined on May 19, 1992; Article VIII
  • Quota: SDR 126.80 million
  • Outstanding Purchases and Loans: Stand by Arrangements SDR 892.24 million
  • The IMF’s Executive Board approved a 27-month, SDR 1.52 billion (about €1.7 billion) Stand-By Arrangement involving exceptional access (1,200 percent of quota) on December 23, 2008
  • Republic of Latvia 2010 Article IV Consultation Country report 10/356, was published in December 09, 2010

News — Highlights

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Paziņojums pēc pirmās pēcprogrammas uzraudzības misijas Latvijā

Press Release No. 12/180 click for more

AGAINST THE ODDS: Lessons From the Recovery in The Baltics

A Conference on "Lessons From the Recovery in the Baltics" will be held in Riga, Latvia at The Great Guild on Tuesday, June 5, 2012 click for more

Starptautiskajam atbalstam mazinoties, Latvija nostiprinās

Kad Latvija 2008. gada decembrī vērsās pie SVF un Eiropas Savienības pēc finansiālā atbalsta, tā bija viena no pirmajām valstīm, kas pilnā mērā piedzīvoja globālās ekonomikas krīzes sekas. Latvijas lēmums saglabāt tās valūtas kursu fiksētu attiecībā pret eiro nozīmēja, ka tai kā līdzeklis konkurētspējas un izaugsmes atjaunošanai būs jāpārvar sāpīgs iekšējās devalvācijas process – algu un cenu samazinājums. click for more

Interview with IMF mission chief Mark Griffiths on the conclusion of the IMF-supported program with Latvia

Ir Magazine, December 22, 2011 click for more

EK un SVF paziņojums par pārskata misijas noslēgšanu

Paziņojums presei; 2011.gada 8.decembrī click for more

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Latvia and the IMF

Press Release: Statement at the Conclusion of the First Post-Program Monitoring Mission to Latvia

May 16, 2012

Press Release: Bank of Latvia, IMF Announce Joint Conference on the Recovery in the Baltics

May 8, 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

February 7, 2012
Series: Country Report No. 12/31 click for more

IMF Survey: Latvia Emerges Stronger As International Support Winds Down

February 7, 2012
When Latvia asked for financial support from the IMF and the European Union in Demceber 2008, it was one of the first countries to suffer the full consequences of the global economic crisis. Today, three years later, Latvia has successfully completed its IMF- and EU-supported program.  click for more

Press Release: IMF Concludes Fifth and Final Review Under Stand-By Arrangement with Latvia

December 21, 2011

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Regional Economic Outlook: Europe

image from the publication cover

Following a strong showing in early 2011, the economies across Europe now face the prospect of a pronounced slowdown, as global growth has softened, risk aversion has risen, and strains in Europe’s sovereign debt and financial markets have deepened, according to the Regional Economic Outlook: Europe. Downside risks are significant, and a further deepening of the euro area crisis would affect not only advanced Europe, but also emerging Europe, given its tight economic and financial ties. The policy stance in advanced Europe will need to be adapted to reflect the weakening and tense outlook, financial systems strengthened further, and a consistent, cohesive, and cooperative approach to monetary union adopted by all euro area stakeholders. The cross-country experience in the past decade in Europe shows the difference that good policies can make in boosting growth, with some European countries having grown rapidly while others have stagnated. Escaping low-growth traps, through broad-based reforms that address macroeconomic imbalances and country-specific structural rigidities, is possible. Click for more

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Resident Representative for Latvia

David Moore
Resident Representative in Latvia
Valnu iela 3
LV-1050 Riga
Tel: +371 6771 5999
E-mail: RR-LVA@IMF.ORG