{
  "title": "Republic of Latvia: Request for Stand-By Arrangement",
  "publication": "IMF Staff Country Reports, April 27, 2001",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/republic-of-latvia-request-for-stand-by-arrangement-4046",
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  "summary": "Latvia's economy has emerged from the recession triggered by the Russian crisis. Executive Directors commended the strong economic growth and low inflation. They appreciated the open and liberal trade system and the soundness of the banking system.",
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      "heading": "Summary and Key Findings",
      "content": "- Latvia's economy has emerged from the recession triggered by the Russian crisis.\n- Executive Directors commended the strong economic growth and low inflation.\n- The open and liberal trade system and the soundness of the banking system were appreciated.\n- The need to maintain fiscal and monetary policies and to accelerate structural reforms was emphasized."
    },
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      "heading": "Policy Recommendations and Priorities",
      "content": "- Implement reforms to improve private sector development.\n- Increase foreign direct investment.\n- Enhance governance.\n- Privatize state-owned enterprises.\n- Maintain prudent fiscal and monetary policies while accelerating structural reforms."
    },
    {
      "heading": "Program Action",
      "content": "- Executive Directors approved a Stand-By Arrangement for the country."
    },
    {
      "heading": "Subject Areas and Keywords",
      "content": "- Subject: Balance of payments, Commercial banks, Current account deficits, External debt, Financial institutions, Financial regulation and supervision, Fiscal policy\n- 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\n\n---\n\n Content in this bundle\n\n- cr0166\n  - cr0166 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0166 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Authors: Arrangement Latvia's",
    "Published: April 27, 2001",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451824445.002",
    "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.",
    "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.",
    "Executive Directors approved a Stand-By Arrangement for the country.",
    "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",
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