The Republic of Lithuania: Second Review Under the Stand-By Arrangement-Staff Report; News Brief on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Lithuania

July 2, 2002

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The Republic of Lithuania: Second Review Under the Stand-By Arrangement-Staff Report; News Brief on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Lithuania, (USA: International Monetary Fund, 2002) accessed November 25, 2024

Summary

This paper evaluates the Republic of Lithuania’s Second Review Under the Stand-By Arrangement. Program implementation has been generally good. Macroeconomic performance was better than expected in 2001: real GDP grew by 5.9 percent, driven by buoyant exports and investment, while the impact of the slowdown in the European Union was limited and largely offset by strong demand from Commonwealth of Independent States (CIS) countries. The macroeconomic outlook for 2002 envisages faster growth and a slightly higher current account deficit, while inflation, wage, and employment projections remain largely unchanged.

Subject: Banking, Central banks, Credit, Debt service, Expenditure, External debt, International reserves, Money

Keywords: Baltics, Budget arrears, CR, Credit, Debt service, Deficit, EU accession negotiations, EU level, Exports to Latvia, Government, IMF's executive board, International reserves, ISCR, State

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/131
Stock No:

1LTUEA0042002
ISBN:

9781451824070
ISSN:

1934-7685

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