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

September 11, 2003

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Republic of Lithuania: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 25, 2024

Summary

Lithuania showed strong economic growth with low inflation owing to its sound economic policies. Executive Directors commended this development, and appreciated Lithuania for signing the European Union Accession Treaty. They encouraged the authorities to maintain macroeconomic stability and accelerate structural reforms. They welcomed the efforts of the Bank of Lithuania to implement Financial Sector Assessment Program recommendations. They emphasized the need for energy and transport privatization, the modernization of the agriculture sector, and streamlining of the legal framework to enhance transparency, governance, and the overall business environment.

Subject: Banking, Expenditure, External debt, Financial institutions, Insurance, Insurance companies, Pension spending

Keywords: Authority, Baltics, Bank, CR, Draft law, EU accession, Europe, European Union authority, Government, Insurance, Insurance companies, ISCR, Market, Pension spending, Private sector, Privatization process, Trend inflation

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/295
Stock No:

1LTUEA0032003
ISBN:

9781451824056
ISSN:

1934-7685

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