{
  "title": "Republic of Lithuania: 2011 Article IV Consultation",
  "publication": "IMF Staff Country Reports, November 21, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-lithuania-2011-article-iv-consultation-25365",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Main findings: economic recovery and drivers",
      "content": "- The economy in the Republic of Lithuania has \"staged an impressive recovery\" based on a supportive global environment and determined policy adjustment.\n- The main driver of the recovery was export growth.\n- 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.\n- Directors supported the authorities’ goal of reducing further the fiscal deficit, thereby putting government debt on a downward path."
    },
    {
      "heading": "Policy assessment and implications",
      "content": "- Fiscal policy: Sizable fiscal consolidation was completed and further deficit reduction was endorsed to put government debt on a downward trajectory.\n- Financial sector: Confidence in the banking system was maintained and recognized by Executive Directors.\n- External environment: A supportive global environment contributed materially to the recovery, amplifying export-led growth."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Banking, External debt, Financial institutions, Financial regulation and supervision, Loans, Nonperforming loans, Public debt\n- 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\n\n---\n\n Content in this bundle\n\n- cr11326 - Appendix II)\n  - cr11326 - Appendix II) (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr11326 - Appendix II) (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 21, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781463925246.002",
    "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 supported the authorities’ goal of reducing further the fiscal deficit, thereby putting government debt on a downward path.",
    "Fiscal policy: Sizable fiscal consolidation was completed and further deficit reduction was endorsed to put government debt on a downward trajectory.",
    "Financial sector: Confidence in the banking system was maintained and recognized by Executive Directors.",
    "External environment: A supportive global environment contributed materially to the recovery, amplifying export-led growth.",
    "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",
    "**_cr11326 - Appendix II)**"
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