Executive Board
Board Discussions
on the Republic of Latvia:

June 10, 2016
May 2, 2014
January 23, 2013
July 11, 2012
December 21, 2011

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2017  2018
Real GDP 3 3.3
Consumer Prices 2.8 2.5
Source: World Economic Outlook (April 2017)
Please refer to more recent Press Release/Staff reports on this country for possible revisions.

Republic of Latvia: Financial Position in the Fund

Transactions with the Fund

Central Bank
Bank of Latvia

Finance Ministry
Ministry of Finance

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Republic of Latvia and the IMF
Updated May 31, 2017

The last Article IV Executive Board Consultation was on June 10, 2016. 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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January 28, 2013 -- Republic of Latvia : Selected Issues
Series: Country Report No. 13/29
January 28, 2013 -- Republic of Latvia : Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia
Series: Country Report No. 13/30
January 28, 2013 -- IMF Survey : Latvia’s Recovery Continues As It Eyes Euro Adoption
Despite the recession in the euro area, Latvia’s GDP growth is projected to have exceeded 5 percent for the second year in a row in 2012. The labor market is improving, but unemployment remains too high.
December 10, 2012 -- Press Release: IMF Statement on Latvia's Announcement about Early Repayment to the IMF
November 26, 2012 -- Republic of Latvia: 2012 Article IV and Second Post-Program Monitoring Discussions Concluding Statement of the IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
October 13, 2012 -- IMFC Statement by Anders Borg, Minister of Finance, Sweden
On behalf of: Denmark, Republic of Estonia, Finland, Iceland, Republic of Lithuania, Republic of Latvia, Norway, Sweden. PDF File Size: 523Kb
September 14, 2012 -- Press Release: Latvia Makes Early Repayment to the IMF
July 16, 2012 -- Public Information Notice: IMF Executive Board Concludes First Post-Program Monitoring Discussions with the Republic of Latvia
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
July 16, 2012 -- Republic of Latvia : First Post-Program Monitoring Discussions
Series: Country Report No. 12/171
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

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