Republic of Latvia: Request for Stand-By Arrangement
IMF Staff Country Reports, April 27, 2001
Source details
- Canonical URL
- Republic of Latvia: Request for Stand-By Arrangement
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Bibliographic details
- Authors: Arrangement Latvia's
- Published: April 27, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451824445.002
Summary and Key Findings
- Latvia's economy has emerged from the recession triggered by the Russian crisis.
- Executive Directors commended the strong economic growth and low inflation.
- The open and liberal trade system and the soundness of the banking system were appreciated.
- The need to maintain fiscal and monetary policies and to accelerate structural reforms was emphasized.
Policy Recommendations and Priorities
- Implement reforms to improve private sector development.
- Increase foreign direct investment.
- Enhance governance.
- Privatize state-owned enterprises.
- Maintain prudent fiscal and monetary policies while accelerating structural reforms.
Program Action
- Executive Directors approved a Stand-By Arrangement for the country.
Subject Areas and Keywords
- Subject: Balance of payments, Commercial banks, Current account deficits, External debt, Financial institutions, Financial regulation and supervision, Fiscal policy
- Keywords: Baltics, Central and Eastern Europe, Commercial banks, CR, Current account deficits, deficit, deficit ceiling, government of Latvia, ISCR, program document, staff appraisal, stand-by, stand-by credit