Republic of Lithuania : Staff Report for the 2009 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

December 4, 2009

Electronic Access:

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Summary:

This 2009 Article IV Consultation highlights that the Lithuanian economy is undergoing a severe adjustment, after years of rapid economic growth and financial integration. With the global financial crisis, the unwinding of the imbalances accumulated during the boom has led to a sharp economic contraction. Capital inflows came to a halt in late 2008 and reversed in 2009, and the current account deficit turned into a surplus. Executive Directors have recognized the authorities’ strong commitment to maintain the currency board arrangement, which has served as a useful macroeconomic anchor.

Series:

Country Report No. 09/322

Subject:

English

Publication Date:

December 4, 2009

ISBN/ISSN:

9781451824223/1934-7685

Stock No:

1LTUEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

57

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