Republic of Latvia: First Post-Program Monitoring Discussions

July 16, 2012

Summary

This collection of papers presents the First Post-Program Monitoring Discussions focusing on economic development in the Republic of Latvia. Latvia successfully completed its EU-IMF-supported program in December 2011. As part of the program, Latvia implemented fiscal consolidation measures of more than 15 percent of GDP. Executive Directors have welcomed Latvia’s economic recovery since the crisis. Directors have commended the remarkable fiscal consolidation and have also emphasized the need for continued prudence to maintain fiscal and debt sustainability.

Subject: Banking, External debt, Financial institutions, Fiscal policy, Fiscal stance, Inflation, Loans, Prices, Public debt

Keywords: Baltics, core inflation, CR, deficit, discussion, economy, Fiscal stance, Global, government, headline inflation, IMF staff estimate, Inflation, ISCR, Latvia's economy, Latvian authorities, Loans, Maastricht criterion

Pages:
51
Volume:
2012
DOI:
https://doi.org/10.5089/9781475506488.002
Issue:
171
Series:
Country Report No. 2012/171
Stock No:
1LVAEA2012002
ISBN:
9781475506488
ISSN:
1934-7685

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