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.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2011/126

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic indicators--Latvia.

Economic indicators.

Debts, Public--Latvia.

Debts, Public.

Debts, External--Latvia.

Debts, External.

Latvia--Economic conditions.

Latvia.

Latvia--Economic policy.

Physical Description:

1 online resource (92 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

Strong policy implementation under the Stand By-Arrangement (SBA) has contributed to Latvia’s economic recovery and put attainment of Maastricht criteria for euro adoption within reach. The government has continued to achieve substantial fiscal savings and strengthened its active labor market policy. Executive Directors stressed the need to implement plans for reforming state-owned banks and to promote market-based debt restructuring. Directors advised to maintain strong budget implementation in 2011 and focus on reducing taxes in the 2012 budget. They encouraged to enhance efficiency of state-owned enterprises to keep inflation under control.

Contents:

Cover; Contents; Executive Summary; I. Recent Developments; II. Policy Discussions; Figures; 1. Real Sector, 2006-11; 2. Inflation and the Labor Market, 2006-11; 3. Balance of Payments, 2006-11; 4. Fiscal Sector, 2007-16; 5. International Reserves and Foreign Exchange Market Developments, 2009-11; 6. Banking Sector Developments, 2007-11; 7. Interest Rates and Euroization, 2007-11; A. Macroeconomic Framework; Boxes; 1. Labor Market Trends in Latvia, 2005-10; 2. Structural Reforms to Improve Competitiveness; B. Fiscal Policy; C. Financial Sector Policies; D. Monetary Policy; III. Program Issues

IV. RisksV. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2008-12; 2. Macroeconomic Framework, 2008-16; 3. General Government Operations, 2009-13; 4. Fiscal Balances and Debt, 2006-12; 5. Public Sector Debt Sustainability Framework, 2006-16; 8. Public Debt Sustainability: Bound Tests; 6. Medium Term Balance of Payments, 2008-16; 7. External Debt Dynamics, 2008-16; 8. External Debt Sustainability Framework, 2006-16; 9. External Debt Sustainability: Bound Tests; 9. Bank of Latvia Balance Sheet, 2007-12; 10. Monetary Survey, 2007-12; 11. Financial Soundness Indicators, 2007-11

12. Selected Vulnerability Indicators, 2006-1113. Proposed Schedule of Reviews and Purchases; 14. Program Financing, 2010-11; 15. Indicators of Fund Credit, 2009-16; Contents; Appendix; I. Fund Relations; II. Statistical Issues; II. World Bank Relations

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed September 22, 2014).

ISBN:

9786613875235

9781462384921

1462384927

9781462335480

1462335489

9781283562782

1283562782

9781455276523

1455276529