Republic of Estonia: Staff Report for the 2003 Article IV Consultation

October 27, 2003

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Republic of Estonia: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 27, 2024

Summary

Prudent macroeconomic policy, based on a balanced budget strategy and structural reforms, has successfully transformed Estonia into an open and flexible market economy and as a star performer among European Union accession countries. Executive Directors welcomed these developments and commended prudent fiscal policy, soundness of the financial sector, strong credit growth through reserve requirements, and good lending practices. They welcomed the effective mechanisms to combat money laundering and financing of terrorism, and efforts to promote data transparency and dissemination.

Subject: Balance of payments, Current account, Current account deficits, Expenditure, External debt, Public debt

Keywords: Baltics, CR, Current account, Current account deficits, Deficit, Estonian authorities, EU accession, Government, Government deposit, ISCR, Market economy, Real estate asset, Right, State budget

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/330
Stock No:

1ESTEA0012003
ISBN:

9781451812374
ISSN:

1934-7685

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