Republic of Lithuania: 2013 Article IV Consultation: Staff Report, Information Annex, Public Information Notice, Statement by the Executive Director
March 28, 2013
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This 2013 Article IV Consultation IMF staff report focuses on measures that are being undertaken to rebalance macroeconomic growth in Lithuania. The IMF report discusses the requirement of fiscal consolidation to fully rebuild fiscal space. It highlights the important role played by the financial sector in enabling sound credit expansion to support economic growth. Reducing obstacles to the resolution of nonperforming loans could help ease constraints on credit supply. The current account deficit is projected to remain relatively contained over the medium term, reaching about 2 percent of GDP, and financed mostly by foreign direct investment.
Subject: Banking, Credit, External debt, Financial institutions, Loans, Money, Nonperforming loans, Public debt
Keywords: Baltics, BoL website, CR, Credit, credit growth, credit institution, Europe, Global, growth, housing renovation program, IMF's view, import growth, ISCR, Lithuania's export development, Loans, Nonperforming loans, youth unemployment
Pages:
57
Volume:
2013
DOI:
Issue:
081
Series:
Country Report No. 2013/081
Stock No:
1LTUEA2013001
ISBN:
9781484388358
ISSN:
1934-7685
