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January 23, 2013
July 11, 2012
December 21, 2011
May 25, 2011

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Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 3.8 4.4
Consumer Prices 1.5 2.5
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

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Republic of Latvia and the IMF
Updated April 11, 2014

The last Article IV Executive Board Consultation was on January 23, 2013. Listed below are items related to the Republic of Latvia, in reverse chronological order (you can also view items by category).

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June 11, 2012 -- IMF Survey: Latvia's Successful Recovery Not Easy to Replicate
While Latvia’s recovery sets an example for other European governments struggling to reduce national debt and get out of recession, the country—as well as Baltic neighbors Lithuania and Estonia—still needs to make structural changes, a conference in Riga, Latvia hears.
June 05, 2012 -- Latvia and the Baltics—a Story of Recovery By Christine Lagarde, Managing Director, International Monetary Fund
May 16, 2012 -- Press Release: Statement at the Conclusion of the First Post-Program Monitoring Mission to Latvia
May 08, 2012 -- Press Release: Bank of Latvia, IMF Announce Joint Conference on the Recovery in the Baltics
April 21, 2012 -- IMFC Statement by Margrethe Vestager, Minister for Economic Affairs and the Interior, Denmark
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 542Kb
February 07, 2012 -- Republic of Latvia: Fifth Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Waiver of Nonobservance of a Performance Criterion, and Proposal for Post-program Monitoring
Series: Country Report No. 12/31
February 07, 2012 -- IMF Survey: Latvia Emerges Stronger As International Support Winds Down
When Latvia asked for financial support from the IMF and the European Union in Demceber 2008, it was one of the first countries to suffer the full consequences of the global economic crisis. Today, three years later, Latvia has successfully completed its IMF- and EU-supported program.
December 21, 2011 -- Press Release: IMF Concludes Fifth and Final Review Under Stand-By Arrangement with Latvia
December 21, 2011 -- Transcript of a Conference Call on the Fifth and Final Review Under a Stand-By Arrangement with Latvia
December 08, 2011 -- Republic of Latvia -- Letter of Intent, December 08, 2011
PDF File Size: 461Kb
December 08, 2011 -- Press Release: Statement by the IMF and EC on the Fifth and Final Review to Latvia
September 24, 2011 -- IMFC Statement by Nils Bernstein, Governor and Chairman of the Board of Governors, Danmarks Nationalbank, Denmark
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 271Kb
September 24, 2011 -- Transcript of Press Conference on Europe, Antonio Borges, head of the IMF European Department
September 23, 2011 -- Statement by the Hon. Andris Vilks, Governor of the World Bank Group for Republic of Latvia, on behalf of the Nordic and Baltic Countries
PDF File Size: 431Kb
June 09, 2011 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, International Monetary Fund
June 08, 2011 -- Republic of Latvia: Fourth Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Rephasing of Purchases Under the Arrangement and Request for Waiver of Nonobservance of a Performance Criterion
Series: Country Report No. 11/126
May 26, 2011 -- Press Release: IMF Completes Fourth Review Under Stand-By Arrangement With Latvia
May 09, 2011 -- Republic of Latvia -- Letter of Intent, and Technical Memorandum of Understanding, May 09, 2011
PDF File Size: 536Kb
April 16, 2011 -- IMFC Statement by Sigbjoern Johnsen, Minister of Finance, Ministry of Finance, Norway
On behalf of: Denmark, Republic of Estonia, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 470Kb
April 15, 2011 -- Press Release: Joint IMF-EC Statement on Latvia on the Review Mission

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