{
  "title": "Republic of Latvia: First Post-Program Monitoring Discussions",
  "publication": "IMF Staff Country Reports, July 16, 2012",
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  "summary": "This collection of papers presents the First Post-Program Monitoring Discussions focusing on economic development in the Republic of Latvia. Latvia successfully completed its EU-IMF-supported program in December 2011.",
  "sections": [
    {
      "heading": "Overview and context",
      "content": "- This collection of papers presents the First Post-Program Monitoring Discussions focusing on economic development in the Republic of Latvia.\n- Latvia successfully completed its EU-IMF-supported program in December 2011.\n- As part of the program, Latvia implemented fiscal consolidation measures of more than 15 percent of GDP.\n- Executive Directors have welcomed Latvia’s economic recovery since the crisis.\n- Directors have commended the remarkable fiscal consolidation and have emphasized the need for continued prudence to maintain fiscal and debt sustainability."
    },
    {
      "heading": "Key findings and indicators",
      "content": "- Fiscal consolidation measures implemented: more than 15 percent of GDP.\n- Completion of EU-IMF-supported program: December 2011.\n- Executive Directors’ assessment: welcomed economic recovery and commended fiscal consolidation; emphasized continued prudence to maintain fiscal and debt sustainability.\n- Subject coverage includes: Banking, External debt, Financial institutions, Fiscal policy, Fiscal stance, Inflation, Loans, Prices, Public debt.\n- Keywords included in the publication: Baltics, core inflation, CR, deficit, discussion, economy, Fiscal stance, Global, government, headline inflation, IMF staff estimate, Inflation, ISCR, Latvia's economy, Latvian authorities, Loans, Maastricht criterion."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Maintain fiscal prudence to preserve fiscal and debt sustainability following the substantial consolidation measures.\n- Continue monitoring macroeconomic developments to support ongoing recovery post-program.\n- Ensure financial sector and public debt policies remain aligned with sustaining recovery and meeting Maastricht and other relevant criteria (as highlighted in the publication keywords).\n\n---\n\n Content in this bundle\n\n- cr12171\n  - cr12171 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr12171 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 16, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475506488.002",
    "This collection of papers presents the First Post-Program Monitoring Discussions focusing on economic development in the Republic of Latvia.",
    "Latvia successfully completed its EU-IMF-supported program in December 2011.",
    "As part of the program, Latvia implemented fiscal consolidation measures of more than 15 percent of GDP.",
    "Executive Directors have welcomed Latvia’s economic recovery since the crisis.",
    "Directors have commended the remarkable fiscal consolidation and have emphasized the need for continued prudence to maintain fiscal and debt sustainability.",
    "Fiscal consolidation measures implemented: more than 15 percent of GDP.",
    "Completion of EU-IMF-supported program: December 2011.",
    "Executive Directors’ assessment: welcomed economic recovery and commended fiscal consolidation; emphasized continued prudence to maintain fiscal and debt sustainability.",
    "Subject coverage includes: Banking, External debt, Financial institutions, Fiscal policy, Fiscal stance, Inflation, Loans, Prices, Public debt.",
    "Keywords included in the publication: Baltics, core inflation, CR, deficit, discussion, economy, Fiscal stance, Global, government, headline inflation, IMF staff estimate, Inflation, ISCR, Latvia's economy, Latvian authorities, Loans, Maastricht criterion.",
    "Maintain fiscal prudence to preserve fiscal and debt sustainability following the substantial consolidation measures.",
    "Continue monitoring macroeconomic developments to support ongoing recovery post-program.",
    "Ensure financial sector and public debt policies remain aligned with sustaining recovery and meeting Maastricht and other relevant criteria (as highlighted in the publication keywords).",
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