Republic of Latvia : Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia

Publication Date: January 28, 2013
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Summary: The IMF has approved an exceptional access Stand-By Arrangement for Latvia. The program is part of a coordinated international effort that has improved financial and economic stability. By early 2008, the fast growth has leveled off but severe vulnerabilities turned the slowdown into a crisis. Immediate steps to stabilize the financial sector and help stem reserve losses has focused on resolving the systemic Parex Bank, which is experiencing a deposit run. Measures to ensure long-term external viability has focused on fiscal and income policies.
Series: Country Report No. 13/30
Subject(s): Ex post assessments | Fiscal policy | Financial sector | Conditionality | Banking sector | Bank resolution | Monetary policy | Stand-by arrangements | Public information notices | Latvia

Publication Date: January 28, 2013
ISBN/ISSN: 9781475526677/1934-7685 Format: Paper
Stock No: 1LVAEA2013003 Pages: 49
US$18.00 (Academic Rate:
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