Republic of Estonia: Staff Report for the 2000 Article IV Consultation and First Review Under the Stand-By Arrangement
July 10, 2000
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The economic recovery seems to be firmly established, supported by strengthened domestic private demand. The Bank of Estonia (BoE) is committed to maintaining the currency board until the euro becomes Estonia's official currency. The compliance with the Basel Core Principles (BCP) has improved and is now high. Monetary and financial policies are transparent. Financial sector assessment program recommendations have been integrated into the government's work program. Good progress is being made in the implementation of the structural reform agenda, including the privatization of major infrastructure companies.
Subject: Balance of payments, Banking, Commercial banks, Currency boards, Current account deficits, Expenditure, External debt, Financial institutions, Foreign assets, Public debt
Keywords: assessment framework, Baltics, Commercial banks, CR, current account, Current account deficits, deficit, Estonian authorities, Europe, exchange rate, Global, government, government deposit, ISCR, parliament, reform agenda, supervisory authority
Pages:
68
Volume:
2000
DOI:
Issue:
079
Series:
Country Report No. 2000/079
Stock No:
1ESTEA0012000
ISBN:
9781451812343
ISSN:
1934-7685
Notes
Included with the Staff Report is the text of Public Information Notice No. 00/49 -- IMF Concludes Article IV Consultation with Estonia and a statement by Olli-Pekka Lehmussaari, Executive Director for the Republic of Estonia, June 30, 2000
