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Law > Business and Financial

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Cover IMF Staff Country Reports
Republic of Lithuania: 2011 Article IV Consultation
International Monetary Fund
The 2011 Article IV Consultation reports that the economy in the Republic of Lithuania has staged an impressive recovery based on a supportive global environment and determined policy adjustment. The main driver of the recovery was export growth. Executive Directors commended the authorities for Lithuania’s impressive economic recovery, noting in particular the sizable fiscal consolidation and the maintenance of confidence in the banking system. Directors also supported the authorities’ goal of reducing further the fiscal deficit, thereby putting government debt on a downward path.
Keywords:
ISCR; CR; deficit; authority; financing; debt; State privatization Fund; fiscal consolidation effort; Lithuanian authorities; securities sector supervision function; financing needs; Loans; Nonperforming loans; Baltics; Global; Southern Europe