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May 2, 2014
January 23, 2013
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May 25, 2011

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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Republic of Latvia and the IMF
Updated May 8, 2014

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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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.
December 04, 2009 -- IMF Survey: Reforms Should Follow Stabilization in EU's New Members
European Union countries in central and eastern Europe worst hit by the global financial crisis have successfully stabilized their economies and now should focus on reforms to put them back on the road to convergence with other EU members.
December 02, 2009 -- “The impact of the crisis on new EU member states” Role and Contribution of the Fund in the Crisis, Keynote remarks by Marek Belka,Director, European Department, Brussels, December 2, 2009
November 27, 2009 -- Press Release: IMF Welcomes Latvia's Efforts on Budget, Prepares Second Review Under the Stand-By Arrangement
October 28, 2009 -- IMF Survey: Agreement with Banks Limits Crisis in Emerging Europe
In an interview, Erik Berglöf (European Bank for Reconstruction and Development) and Anne-Marie Gulde (IMF) discuss the impact of the European Bank Coordination Initiative, which has played a key role in helping emerging Europe avert systemic crisis.
October 04, 2009 -- 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: 405Kb
October 03, 2009 -- Transcript of a Press Conference on the October 2009 Regional Economic Outlook for Europe
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
September 14, 2009 -- Press Release: Joint IMF, EC Press Release on the European Banking Group Coordination Meeting on Latvia
September 11, 2009 -- European Banking Group Coordination Meeting for Latvia - Concluding Statement by Participating Parent Banks
August 28, 2009 -- Transcript of a Conference Call on the Completion of the First Review Under Latvia's Stand-By Arrangement
August 27, 2009 -- Press Release: IMF Completes First Review Under Stand-By Arrangement with Latvia and Approves €195.2 Million Disbursement
August 27, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, IMF
July 30, 2009 -- Transcript of a Conference Call on Staff-Level Agreement on First Review of Latvia's Stand-By Arrangement
July 28, 2009 -- IMF Survey: Latvia Struggles to Overcome Economic Downturn
An IMF mission and the Latvian government have agreed on a new policy package that will give the Baltic country access to about $278 million in new financing. In an interview, mission leaders Anne-Marie Gulde and Mark Griffiths explain the rationale for the policy measures.

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