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January 23, 2013
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Financial Sector Assessment Program

Projected % Change
   2015  2016
Real GDP 2.3 3.3
Consumer Prices 0.5 1.7
Source: World Economic Outlook (April 2015)
Please refer to more recent Press Release/Staff reports on this country for possible revisions.

Republic of Latvia: Financial Position in the Fund

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Republic of Latvia and the IMF
Updated May 10, 2015

The last Article IV Executive Board Consultation was on May 02, 2014. 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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September 30, 2009 -- Republic of Latvia: First Review and Financing Assurances Review Under the Stand By Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, and Rephasing of Purchases Under the Arrangement
Series: Country Report No. 09/297
September 14, 2009 -- Press Release: Joint IMF, EC Press Release on the European Banking Group Coordination Meeting on Latvia
September 11, 2009 -- European Banking Group Coordination Meeting for Latvia - Concluding Statement by Participating Parent Banks
August 28, 2009 -- Transcript of a Conference Call on the Completion of the First Review Under Latvia's Stand-By Arrangement
August 27, 2009 -- Press Release: IMF Completes First Review Under Stand-By Arrangement with Latvia and Approves €195.2 Million Disbursement
August 27, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, IMF
July 30, 2009 -- Transcript of a Conference Call on Staff-Level Agreement on First Review of Latvia's Stand-By Arrangement
July 28, 2009 -- IMF Survey: Latvia Struggles to Overcome Economic Downturn
An IMF mission and the Latvian government have agreed on a new policy package that will give the Baltic country access to about $278 million in new financing. In an interview, mission leaders Anne-Marie Gulde and Mark Griffiths explain the rationale for the policy measures.
July 27, 2009 -- Republic of Latvia -- Latvia: Letter of Intent, July 27, 2009
PDF File Size: 461Kb
July 27, 2009 -- Press Release: IMF Reaches Staff-Level Agreement with the Latvian Authorities on First Review Under Stand-By Arrangement
July 16, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, IMF
June 19, 2009 -- Transcript of IMF's Bi-Weekly Press Briefing by Caroline Atkinson, Director of External Relations Department
June 16, 2009 -- Press Release: Statement by IMF First Deputy Managing Director John Lipsky on Latvia
June 04, 2009 -- Transcript of IMF's Bi-Weekly Press Briefing by Caroline Atkinson, Director of External Relations Department
June 01, 2009 -- Decoupling from the East Toward the West? Analyses of Spillovers to the Baltic Countries
Author/Editor: Obiora, Kingsley I
Series: Working Paper No. 09/125
May 28, 2009 -- IMF Survey: Latvia Caught in Vicious Economic Downturn
Latvia is in a deep recession, with the economy projected to contract this year by more than 15 percent. Plunging revenues are opening up a wide fiscal gap, which the new government is trying to plug. Mark Griffiths and Christoph Rosenberg talk about the huge challenges that face Latvia today.
May 07, 2009 -- Transcript of a Press Briefing by David Hawley, Senior Advisor, External Relations Department, International Monetary Fund
April 25, 2009 -- IMFC Statement by H.E. 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: 479Kb
April 24, 2009 -- Transcript of a Press Conference on European Outlook by Marek Belka, Director of the IMF's European Department with Ajai Chopra, Deputy Director of the European Department, and Anne-Marie Gulde-Wold, Senior Advisor in the European Department
April 24, 2009 -- IMF Survey: Financial Sector Key to European Recovery: IMF
While there is room for cautious optimism that Europe’s economy will turn the corner in mid-2010, the financial sector holds the key to recovery and governments must act more forcefully to clean up banks, Marek Belka, head of the IMF’s European Department, says.

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