## Republic of Latvia: First Post-Program Monitoring Discussions

_IMF Staff Country Reports, July 16, 2012_

## Source details

**Canonical URL:** [Republic of Latvia: First Post-Program Monitoring Discussions](https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-latvia-first-post-program-monitoring-discussions-26063)

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## Bibliographic details
- Published: July 16, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475506488.002

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### Overview and context
- 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.

### Key findings and indicators
- 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.

### Policy implications and recommendations
- 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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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-latvia-first-post-program-monitoring-discussions-26063_