Republic of Latvia: Second Review and Financing Assurances Review Under the Stand-By Arrangement, Request for Extension of the Arrangement and Rephasing of Purchases Under the Arrangement and Request for Waiver of Nonobservance and Applicability of Performance Criteria
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Summary:
This paper discusses key findings of the Second Review and Financing Assurances Review Under the Stand-By Arrangement for Latvia. The sharp economic downturn is starting to bottom out, although recovery has not yet begun. The authorities have implemented the June 2009 supplementary budget, and met with a wide margin the end-September performance criterion on the adjusted primary balance. The continuous performance criterion on external payments arrears was missed by a small amount, which the authorities expect to resolve soon.
Series:
Country Report No. 2010/065
Subject:
Banking Expenditure External debt Financial institutions Fiscal policy Fiscal stance Loans Public debt
English
Publication Date:
March 15, 2010
ISBN/ISSN:
9781451977165/1934-7685
Stock No:
1LVAEA2010001
Pages:
94
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