Republic of Lithuania: Second Review Under the Stand-By Arrangement
Electronic Access:
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Summary:
Lithuania showed progress in macroeconomic stability and structural reforms, under the Stand-By Arrangement. Executive Directors welcomed this development, and endorsed the authorities' intention to switch the peg of the litas to the euro, with a view to move toward greater economic integration with the European Union area, while preserving the credibility of the currency board. They welcomed the comprehensive medium-term fiscal framework, which aimed to determine the priorities, address future expenditure pressures, and achieve the medium-term goal of a cyclically balanced budget.
Series:
Country Report No. 2001/063
Subject:
Banking Central banks Credit Expenditure External debt International reserves Money Pension spending
English
Publication Date:
April 23, 2001
ISBN/ISSN:
9781451824032/1934-7685
Stock No:
1LTUEA0032001
Pages:
46
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