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

Author/Editor:

International Monetary Fund

Publication Date:

March 15, 2010

Electronic Access:

Free Full text (PDF file size is 937 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the Second Review and Financing Assurances Review Under the Stand-By Arrangement for Latvia. The sharp economic downturn is starting to bottom out, although recovery has not yet begun. The authorities have implemented the June 2009 supplementary budget, and met with a wide margin the end-September performance criterion on the adjusted primary balance. The continuous performance criterion on external payments arrears was missed by a small amount, which the authorities expect to resolve soon.

Series:

Country Report No. 10/65

Subject:

English

Publication Date:

March 15, 2010

ISBN/ISSN:

9781451977165/1934-7685

Stock No:

1LVAEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

94

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