Republic of Latvia: Staff Report for the 2005 Article IV Consultation

August 10, 2005

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Republic of Latvia: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 27, 2024

Summary

The staff report for the 2005 Article IV Consultation on the Republic of Latvia highlights the economic outlook and mid-term risks. A sound policy framework and far-reaching structural reforms supported this performance, including a prudent fiscal policy that underpinned the exchange rate peg. The ongoing credit boom and faster real wage growth are expected to support private domestic demand while a sharp increase in net European Union (EU) grants would also boost public spending. Efficiently allocating EU funds for infrastructure was seen as a key element of a framework for promoting efficient resource allocation.

Subject: Balance of payments, Banking, Credit, Current account deficits, External debt, Fiscal policy, Inflation, Money, Prices

Keywords: Baltics, Core inflation, CR, Credit, Current account deficits, EU accession, EU fund financing, Finance, Fiscal policy, IMF staff representative, Inflation, ISCR, Staff appraisal, Statement, Western Europe

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/282
Stock No:

1LVAEA2005002
ISBN:

9781451824575
ISSN:

1934-7685

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