IMF Staff Country Reports

Republic of Latvia: Staff Report for the 2000 Article IV Consultation and First Review Under the Stand-By Arrangement

Publication Date:

July 10, 2000

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

With the resumption in growth, the economic recession triggered by the Russian crisis has ended. Additional efforts will be needed to reduce the current account deficit and increase its financing. The IMF staff commend the intention to streamline tax benefits granted to enterprises and to eliminate the benefits that are inconsistent with EU regulations. Financial sector development is imperative for continued external sustainability and economic growth. The government’s ability to implement the privatization program and address the remaining impediments to an enabling business climate is crucial.

Series:

Country Report No. 2000/078

Subject:

Balance of payments Banking Commercial banks Current account deficits Economic sectors Expenditure Financial institutions Foreign direct investment Pension spending Privatization

Notes:

Included with the Staff Report are the text of Public Information Notice No. 00/48 -- IMF Concludes Article IV Consultation with Latvia and a statement by Olli-Pekka Lehmussaari, Executive Director for the Republic of Latvia, June 30, 2000

Frequency:

quarterly