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

March 15, 2010

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2010) accessed September 18, 2024

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.

Subject: Banking, Expenditure, External debt, Financial institutions, Fiscal policy, Fiscal stance, Loans, Public debt

Keywords: CR, End-December performance criterion, Financial market condition, Fiscal stance, GDP, Global, Government liquidity support, IMF's financial support, IMF's support, ISCR, Latvia, Loans

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/065
Stock No:

1LVAEA2010001
ISBN:

9781451977165
ISSN:

1934-7685

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