Executive Board
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Board Discussions
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
   2015  2016
Real GDP 2.3 3.3
Consumer Prices 0.5 1.7
Source: World Economic Outlook (April 2015)
Please refer to more recent Press Release/Staff reports on this country for possible revisions.

Republic of Latvia: Financial Position in the Fund

Transactions with the Fund

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Bank of Latvia

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Ministry of Finance


Resident Representative Office in Latvia

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Republic of Latvia and the IMF
Updated May 10, 2015

The last Article IV Executive Board Consultation was on May 02, 2014. 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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May 13, 2013 -- IMF Staff Visit to Latvia, May 7-13, 2013- Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
April 20, 2013 -- IMFC Statement by Anders Borg, Minister of Finance, Ministry of Finance, Sweden
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 156Kb
April 02, 2013 -- Press Release: IMF Announces Closure of Resident Representative Office in Latvia
January 28, 2013 -- Republic of Latvia IMF Executive Board Concludes 2012 Article IV Consultation and Second Post-Program Monitoring Discussions, and Ex-Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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
January 28, 2013 -- IMF Survey : Latvia’s Recovery Continues As It Eyes Euro Adoption
Despite the recession in the euro area, Latvia’s GDP growth is projected to have exceeded 5 percent for the second year in a row in 2012. The labor market is improving, but unemployment remains too high.
December 10, 2012 -- Press Release: IMF Statement on Latvia's Announcement about Early Repayment to the IMF
November 26, 2012 -- Republic of Latvia: 2012 Article IV and Second Post-Program Monitoring Discussions Concluding Statement of the IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
October 13, 2012 -- IMFC Statement by Anders Borg, Minister of Finance, Sweden
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 523Kb
September 14, 2012 -- Press Release: Latvia Makes Early Repayment to the IMF
July 16, 2012 -- Public Information Notice: IMF Executive Board Concludes First Post-Program Monitoring Discussions 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 16, 2012 -- Republic of Latvia : First Post-Program Monitoring Discussions
Series: Country Report No. 12/171
June 11, 2012 -- IMF Survey: Latvia's Successful Recovery Not Easy to Replicate
While Latvia’s recovery sets an example for other European governments struggling to reduce national debt and get out of recession, the country—as well as Baltic neighbors Lithuania and Estonia—still needs to make structural changes, a conference in Riga, Latvia hears.
June 05, 2012 -- Latvia and the Baltics—a Story of Recovery By Christine Lagarde, Managing Director, International Monetary Fund
May 16, 2012 -- Press Release: Statement at the Conclusion of the First Post-Program Monitoring Mission to Latvia
May 08, 2012 -- Press Release: Bank of Latvia, IMF Announce Joint Conference on the Recovery in the Baltics
April 21, 2012 -- IMFC Statement by Margrethe Vestager, Minister for Economic Affairs and the Interior, Denmark
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 542Kb
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

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