Republic of Lithuania: 2011 Article IV Consultation
November 21, 2011
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The 2011 Article IV Consultation reports that the economy in the Republic of Lithuania has staged an impressive recovery based on a supportive global environment and determined policy adjustment. The main driver of the recovery was export growth. Executive Directors commended the authorities for Lithuania’s impressive economic recovery, noting in particular the sizable fiscal consolidation and the maintenance of confidence in the banking system. Directors also supported the authorities’ goal of reducing further the fiscal deficit, thereby putting government debt on a downward path.
Subject: Banking, External debt, Financial institutions, Financial regulation and supervision, Loans, Nonperforming loans, Public debt
Keywords: authority, Baltics, CR, debt, deficit, financing, financing needs, fiscal consolidation effort, Global, ISCR, Lithuanian authorities, Loans, Nonperforming loans, securities sector supervision function, Southern Europe, State privatization Fund
Pages:
49
Volume:
2011
DOI:
Issue:
326
Series:
Country Report No. 2011/326
Stock No:
1LTUEA2011002
ISBN:
9781463925246
ISSN:
1934-7685
