Republic Of Estonia: Republic Of Estonia Second Review Under the Stand-by Arrangement
January 11, 2001
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The fast economic recovery despite a strong fiscal correction is a result of the government’s determined macroeconomic and structural policies. Executive Directors commend the government for adhering to its ambitious fiscal targets. The careful crafting of legislation to establish a second pillar of the pension system is appropriate. The high confidence in the currency board and the strengthening of the banking system will stabilize the financial system. Nonbanking supervision has to be strengthened further and the draft securities market law should be implemented.
Subject: Banking, Commercial banks, Expenditure, External position, Financial institutions, Foreign assets, Monetary base, Money, Personal income tax, Taxes
Keywords: Asia and Pacific, authority, Baltics, banking system, Commercial banks, CR, current account, deficit, deficit target, Estonia review, Estonian authorities, Foreign assets, Global, ISCR, legislation indexing, Monetary base, Personal income tax, privatization program, transit company
Pages:
42
Volume:
2001
DOI:
Issue:
014
Series:
Country Report No. 2001/014
Stock No:
1ESTEA0012001
ISBN:
9781451812350
ISSN:
1934-7685
