Republic of Lithuania: Staff Report for the 2000 Article IV Consultation and First Review Under the Stand-By Arrangement
January 22, 2001
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Lithuania showed good economic growth and low inflation, under the Stand-By Arrangement. Executive Directors commended the fiscal adjustment and structural reforms. However, domestic demand remained weak and unemployment continued to rise. Directors appreciated the sound financial system and the banking supervision. They emphasized the need to maintain fiscal and monetary policies. They agreed that the privatization of the state-owned banks will foster competition in the banking sector and promote sustainable credit growth to the private sector.
Subject: Balance of payments, Currency boards, Current account deficits, Economic sectors, Expenditure, Exports, External debt, International trade, Privatization
Keywords: authorities' task, Baltics, commitments of the government, CR, currency board arrangement, Current account deficits, deficit, Exports, government, ISCR, Lithuania review, Lithuanian authorities, Privatization, state
Pages:
101
Volume:
2001
DOI:
Issue:
019
Series:
Country Report No. 2001/019
Stock No:
1LTUEA0012001
ISBN:
9781451823967
ISSN:
1934-7685
