Republic of Lithuania: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Lithuania
April 22, 2008
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In this report, economic performance of Lithuania over the past decade is discussed. These reflect on EU accession, rapid financial integration, and generally sound macroeconomic policies. Concerns about the rise in external and internal imbalances, characterized by an unsustainable current account deficit, and an increase in domestic inflationary prices, resulting from excess domestic demand are outlined. The findings of the Financial Assessment Stability Program (FASP) are welcome. The Bank of Lithuania’s measures in recent years to strengthen banks’ capital bases and encourage strong risk management are encouraged.
Subject: Balance of payments, Banking, Credit, Current account deficits, External debt, Foreign exchange, Money, Public debt, Real effective exchange rates
Keywords: Baltics, banking system assets, CR, Credit, credit growth, Current account deficits, Global, ISCR, larger-than-estimated current account deficit, private sector credit growth, Real effective exchange rates, report, soft landing, staff appraisal, statement report
Pages:
59
Volume:
2008
DOI:
Issue:
141
Series:
Country Report No. 2008/141
Stock No:
1LTUEA2008003
ISBN:
9781451824186
ISSN:
1934-7685
