Republic of Lithuania: Staff Report for the 2014 Article IV Consultation
IMF Staff Country Reports, May 8, 2014
Source details
- Canonical URL
- Republic of Lithuania: Staff Report for the 2014 Article IV Consultation
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Bibliographic details
- Published: May 8, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484374733.002
Macroeconomic assessment and growth trajectory
- Lithuania’s economy has entered a "broadly favorable trajectory of healthy and balanced growth."
- Income convergence with Western Europe "has a long way to go."
- Inflation: "at historical lows."
- Fiscal repair: "well-advanced repair of public finances damaged by the 2008/09 crisis."
- Euro entry: "meeting the entry criteria seems on track."
Financial sector stability and soundness
- Financial stability "improved further in 2013."
- Capital adequacy: "capital adequacy ratio exceeding 17 percent."
- Asset quality: "steady progress in reducing nonperforming loans."
Credit, investment, and risks to the recovery
- Main challenge identified: "resuscitating the sluggish private sector credit growth."
- Risk: Continued sluggish private sector credit growth "could undermine investment and the recovery if it continued for much longer."
Content in this bundle
- 1. External Stability Assessment