## 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](https://www.imf.org/en/publications/cr/issues/2016/12/30/republic-of-latvia-request-for-stand-by-arrangement-4046)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/republic-of-latvia-request-for-stand-by-arrangement-4046/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/republic-of-latvia-request-for-stand-by-arrangement-4046/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/30/republic-of-latvia-request-for-stand-by-arrangement-4046/bundle-manifest.json)

## 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

---

## Content in this bundle

- **_cr0166**
  - [_cr0166 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2001/_cr0166.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr0166 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2001/_cr0166.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/republic-of-latvia-request-for-stand-by-arrangement-4046_