Cover IMF Staff Country Reports
Republic of Latvia: Staff Report for the 2005 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 282
Language:
English
Publication Date:
10 Aug 2005
DOI:
https://doi.org/10.5089/9781451824575.002
ISBN:
9781451824575
ISSN:
1934-7685
Pages:
61
Keywords:
ISCR; CR; staff appraisal; IMF staff representative; fiscal policy; Finance; statement; EU accession; EU fund financing; core inflation; Current account deficits; Inflation; Credit; Baltics; Western Europe
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund