IMF Staff Country Reports

Republic of Latvia: Staff Report for the 2000 Article IV Consultation and First Review Under the Stand-By Arrangement

July 10, 2000

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Republic of Latvia: Staff Report for the 2000 Article IV Consultation and First Review Under the Stand-By Arrangement, (USA: International Monetary Fund, 2000) accessed November 25, 2024

Summary

With the resumption in growth, the economic recession triggered by the Russian crisis has ended. Additional efforts will be needed to reduce the current account deficit and increase its financing. The IMF staff commend the intention to streamline tax benefits granted to enterprises and to eliminate the benefits that are inconsistent with EU regulations. Financial sector development is imperative for continued external sustainability and economic growth. The government’s ability to implement the privatization program and address the remaining impediments to an enabling business climate is crucial.

Subject: Balance of payments, Banking, Commercial banks, Current account deficits, Economic sectors, Expenditure, Financial institutions, Foreign direct investment, Pension spending, Privatization

Keywords: Baltics, Commercial banks, Consumer inflation, Contingency expenditure reduction, CR, Current account deficits, Draft law, End-June target, End-June target of LVL, Foreign direct investment, Government, ISCR, Latvian authorities, May, Minister of finance, Pension spending, Privatization

Publication Details

  • Pages:

    86

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2000/078

  • Stock No:

    1LVAEA0012000

  • ISBN:

    9781451824438

  • ISSN:

    1934-7685

Notes

Included with the Staff Report are the text of Public Information Notice No. 00/48 -- IMF Concludes Article IV Consultation with Latvia and a statement by Olli-Pekka Lehmussaari, Executive Director for the Republic of Latvia, June 30, 2000

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