IMF Staff Country Reports

Republic of Estonia: Staff Report for the 2000 Article IV Consultation and First Review Under the Stand-By Arrangement

Publication Date:

July 10, 2000

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The economic recovery seems to be firmly established, supported by strengthened domestic private demand. The Bank of Estonia (BoE) is committed to maintaining the currency board until the euro becomes Estonia's official currency. The compliance with the Basel Core Principles (BCP) has improved and is now high. Monetary and financial policies are transparent. Financial sector assessment program recommendations have been integrated into the government's work program. Good progress is being made in the implementation of the structural reform agenda, including the privatization of major infrastructure companies.

Series:

Country Report No. 2000/079

Subject:

Balance of payments Banking Commercial banks Currency boards Current account deficits Expenditure External debt Financial institutions Foreign assets Public debt

Notes:

Included with the Staff Report is the text of Public Information Notice No. 00/49 -- IMF Concludes Article IV Consultation with Estonia and a statement by Olli-Pekka Lehmussaari, Executive Director for the Republic of Estonia, June 30, 2000