IMF Staff Country Reports

Republic of Lithuania: 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lithuania

July 9, 2010

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Republic of Lithuania: 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lithuania, (USA: International Monetary Fund, 2010) accessed September 19, 2024

Summary

Lithuania experienced a severe output decline. A large consolidation contained the deterioration in the fiscal deficit and safeguarded market financing. Further fiscal consolidation is needed to place deficits and debt on a sustainable path. Tackling the deficit in the social security system and expanding the revenue base will achieve adjustment in a sustainable, pro-growth, and equitable manner. A sustained recovery also hinges on the ability of the economy to rebalance toward tradables. The rising level of unemployment makes it imperative to advance with structural reforms.

Subject: Banking, Credit, Exports, Financial institutions, International trade, Loans, Money, Nonperforming loans, Public debt

Keywords: Authority, Baltics, Banks capital, Capital, CR, Credit, Deficit, Executive board discussion, Exports, Financial crises prevention, Global, IMF's effort, ISCR, Liquidity counterbalance capacity, Lithuanian authorities, Loans, Nonperforming loans, State privatization fund

Publication Details

  • Pages:

    58

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/201

  • Stock No:

    1LTUEA2010001

  • ISBN:

    9781455203796

  • ISSN:

    1934-7685