Executive Board
Board Discussions
on the Republic of Latvia:

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

Transactions with the Fund

Central Bank
Bank of Latvia

Finance Ministry
Ministry of Finance

Resident Representative Office in Latvia

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Republic of Latvia and the IMF
Updated October 11, 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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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.
July 27, 2009 -- Republic of Latvia -- Latvia: Letter of Intent, July 27, 2009
PDF File Size: 461Kb
July 27, 2009 -- Press Release: IMF Reaches Staff-Level Agreement with the Latvian Authorities on First Review Under Stand-By Arrangement
July 16, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, IMF
June 19, 2009 -- Transcript of IMF's Bi-Weekly Press Briefing by Caroline Atkinson, Director of External Relations Department
June 16, 2009 -- Press Release: Statement by IMF First Deputy Managing Director John Lipsky on Latvia
June 04, 2009 -- Transcript of IMF's Bi-Weekly Press Briefing by Caroline Atkinson, Director of External Relations Department
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
May 28, 2009 -- IMF Survey: Latvia Caught in Vicious Economic Downturn
Latvia is in a deep recession, with the economy projected to contract this year by more than 15 percent. Plunging revenues are opening up a wide fiscal gap, which the new government is trying to plug. Mark Griffiths and Christoph Rosenberg talk about the huge challenges that face Latvia today.
May 07, 2009 -- Transcript of a Press Briefing by David Hawley, Senior Advisor, External Relations Department, International Monetary Fund
April 25, 2009 -- IMFC Statement by H.E. 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: 479Kb
April 24, 2009 -- Transcript of a Press Conference on European Outlook by Marek Belka, Director of the IMF's European Department with Ajai Chopra, Deputy Director of the European Department, and Anne-Marie Gulde-Wold, Senior Advisor in the European Department
April 24, 2009 -- IMF Survey: Financial Sector Key to European Recovery: IMF
While there is room for cautious optimism that Europe’s economy will turn the corner in mid-2010, the financial sector holds the key to recovery and governments must act more forcefully to clean up banks, Marek Belka, head of the IMF’s European Department, says.
April 17, 2009 -- Republic of Latvia: Stand-By Arrangement - Interim Review Under the Emergency Financing Mechanism
Series: Country Report No. 09/125
April 15, 2009 -- IMF Survey: Inflexible Budget Curbs Options as Estonia Faces Recession
Estonia is experiencing a severe economic downturn brought on by mounting internal and external imbalances, and worsened by the global slowdown. The task for policymakers now is to reestablish the basis for balanced economic growth, external sustainability, and adoption of the euro.
March 26, 2009 -- Press Briefing by Caroline Atkinson, Director, External Relations Department, International Monetary Fund
January 29, 2009 -- 10 Years of the Euro: A Perspective from the IMF, by Sean Hagan at the European Central Bank in Frankfurt
January 14, 2009 -- IMF Survey: IMF Helping Counter Crisis Fallout in Emerging Europe
The financial crisis has hit Europe hard. In an interview, IMF European Department head Marek Belka talks about Europe's prospects for recovery and the principles that guide the Fund as it seeks to help Europe's emerging economies counter the fallout of the crisis.
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
December 23, 2008 -- Press Release: IMF Executive Board Approves €1.68 Billion (US$2.35 Billion) Stand-By Arrangement for Latvia

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