Republic of Lithuania: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Lithuania

Publication Date: May 08, 2014
Electronic Access: Free Full text (PDF file size is 1,344KB).
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Summary: This 2014 Article IV Consultation highlights that Lithuania’s economy has entered a broadly favorable trajectory of healthy and balanced growth, but income convergence with Western Europe has a long way to go. With inflation at historical lows and well-advanced repair of public finances damaged by the 2008/09 crisis, meeting the entry criteria seems on track. Financial stability has improved further in 2013, with the capital adequacy ratio exceeding 17 percent and steady progress in reducing nonperforming loans. The main challenge is now resuscitating the sluggish private sector credit growth, which could undermine investment and the recovery if it continued for much longer.
Series: Country Report No. 14/113
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal consolidation | Unemployment | Labor market policy | Fiscal reforms | Banking sector | Economic indicators | Staff Reports | Press releases | Lithuania

Publication Date: May 08, 2014
ISBN/ISSN: 9781484374733/1934-7685 Format: Paper
Stock No: 1LTUEA2014001 Pages: 51
US$18.00 (Academic Rate:
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