Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
April 2002
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    © 2002 International Monetary Fund

    Production: IMF Graphics Section

    Figures: Sanaa Elaroussi

    Typesetting: Alicia Etchebarne-Bourdin

    Cataloging-in-Publication Data

    The Baltic countries: medium-term fiscal issues related to EU and NATO accession / Johannes Mueller … [et al.]—Washington, D.C.: International Monetary Fund, 2002.

    • p. cm.—(Occasional paper. ISSN 0251-6365); 213

    • Includes bibliographical references.

    • ISBN 9781589061040

    1. Fiscal policy—Baltic States. 2. European Union—Membership—Baltic States. 3. North Atlantic Treaty Organization—Membership—Baltic States. I. Mueller, Johannes, II. International Monetary Fund. III. Occasional paper (International Monetary Fund); no. 213.

    HJ1214.B35 2002

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    Contents

    The following symbols have been used throughout this paper.

    … to indicate that data are not available;

    — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    – between years or months (e.g., 2000–01 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    / between years (e.g., 2000/01) to indicate a fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country”, as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.

    Preface

    This Occasional Paper is based on a staff background paper prepared for the 2001 and 2002 Article IV consultations between the International Monetary Fund and the Republic of Estonia, the Republic of Latvia, and the Republic of Lithuania. The paper describes the fiscal challenges of the three Baltic countries in their run-up to EU and NATO accession.

    The paper is the product of a team effort of the Baltic Division of the European II Department. The project was initiated by Peter M. Keller, who also provided valuable guidance to the authors. The paper was prepared by a staff team led by Johannes Mueller and composed of Christian Beddies, Robert Burgess. Vitali Kramarenko, and Joannes Mongardini. The paper benefited from comments from Patricia Alonso-Gamo, Costas Christou, Christina Daseking, Robert A. Feldman, George Kopits, Bradley McDonald. Roger Nord, John Odling-Smee, Jerald Schiff, Axel Schimmelpfennig, Günther Taube, Nancy Wagner: and from the European Commission, Directorate-General for Economic and Financial Affairs (DG ECFIN). The authors would like to thank Alexandra Merlino for excellent research assistance; Jean Boyd and Julie Burton for superb secretarial assistance; and James McEuen of the External Relations Department, who edited the paper and coordinated its production for publication.

    The views expressed in the paper are those of the authors and do not necessarily reflect the views of the national authorities, the IMF, or the IMF’s Executive Directors.

    List of Abbreviations

    CAP

    Common Agricultural Policy

    CBA

    Currency board arrangement

    CET

    Common External Tariff

    CIS

    Commonwealth of Independent States

    CPI

    Consumer price index

    CTP

    Common Transport Policy

    DG ECFIN

    European Commission, Directorate-General for Economic and Financial Affairs

    EAC

    Earlier accession countries (Greece. Ireland. Portugal, and Spain)

    EAGGF

    European Agricultural Guidance and Guarantee Fund

    EC

    European Commission

    EDF

    European Development Fund

    EIB

    European Investment Bank

    EFTA

    European Free Trade Association

    EMU

    Economic and Monetary Union

    ERDF

    European Regional Development Fund

    ESA

    European System of Accounts

    ESF

    European Social Fund

    EU

    European Union

    EU-6

    Belgium, France, Germany, Italy, Luxembourg, and the Netherlands

    FD1

    Foreign direct investment

    FIFG

    Financial Instrument for Fisheries Guidance

    ISPA

    Investment for Structural Policies for Pre-Accession

    NATO

    North Atlantic Treaty Organization

    OECD

    Organization for Economic Cooperation and Development

    PAYG

    Pay-as-you-go

    PEP

    Pre-Accession Economic Program

    PFS

    Pre-Accession Fiscal Surveillance

    PHARE

    Operation PHARE (Poland and Hungary Assistance for Economic Restructuring program; extended by the EU in 1990 to other eastern European states)

    PPP

    Purchasing power parity

    SAPARD

    Special Accession Program for Agriculture and Rural Development

    SEIL

    Support to European Integration in Lithuania

    SGP

    Stability and Growth Pact

    VAT

    Value-added tax

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