IMF Staff Country Reports

Republic of Lithuania: Staff Report for the 2000 Article IV Consultation and First Review Under the Stand-By Arrangement

Publication Date:

January 22, 2001

Electronic Access:

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Summary:

Lithuania showed good economic growth and low inflation, under the Stand-By Arrangement. Executive Directors commended the fiscal adjustment and structural reforms. However, domestic demand remained weak and unemployment continued to rise. Directors appreciated the sound financial system and the banking supervision. They emphasized the need to maintain fiscal and monetary policies. They agreed that the privatization of the state-owned banks will foster competition in the banking sector and promote sustainable credit growth to the private sector.

Series:

Country Report No. 2001/019

Subject:

Balance of payments Currency boards Current account deficits Economic sectors Expenditure Exports External debt International trade Privatization