IMF Staff Country Reports

Republic of Lithuania: Second Review Under the Stand-By Arrangement

Publication Date:

April 23, 2001

Electronic Access:

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Summary:

Lithuania showed progress in macroeconomic stability and structural reforms, under the Stand-By Arrangement. Executive Directors welcomed this development, and endorsed the authorities' intention to switch the peg of the litas to the euro, with a view to move toward greater economic integration with the European Union area, while preserving the credibility of the currency board. They welcomed the comprehensive medium-term fiscal framework, which aimed to determine the priorities, address future expenditure pressures, and achieve the medium-term goal of a cyclically balanced budget.

Series:

Country Report No. 2001/063

Subject:

Banking Central banks Credit Expenditure External debt International reserves Money Pension spending