## Republic of Lithuania: 2011 Article IV Consultation

_IMF Staff Country Reports, November 21, 2011_

## Source details

**Canonical URL:** [Republic of Lithuania: 2011 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-lithuania-2011-article-iv-consultation-25365)

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## Bibliographic details
- Published: November 21, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463925246.002

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### Main findings: economic recovery and drivers
- 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.

### Policy assessment and implications
- 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 areas and keywords
- 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

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## Content in this bundle

- **_cr11326 - Appendix II)**
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  - [_cr11326 - Appendix II) (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2011/_cr11326.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-lithuania-2011-article-iv-consultation-25365_