Cover IMF Staff Country Reports
Republic of Lithuania: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Lithuania
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 141
Language:
English
Publication Date:
22 Apr 2008
DOI:
https://doi.org/10.5089/9781451824186.002
ISBN:
9781451824186
ISSN:
1934-7685
Pages:
59
Keywords:
ISCR; CR; credit growth; report; statement report; soft landing; staff appraisal; private sector credit growth; larger-than-estimated current account deficit; banking system assets; Current account deficits; Credit; Real effective exchange rates; Baltics; Global
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In this report, economic performance of Lithuania over the past decade is discussed. These reflect on EU accession, rapid financial integration, and generally sound macroeconomic policies. Concerns about the rise in external and internal imbalances, characterized by an unsustainable current account deficit, and an increase in domestic inflationary prices, resulting from excess domestic demand are outlined. The findings of the Financial Assessment Stability Program (FASP) are welcome. The Bank of Lithuania’s measures in recent years to strengthen banks’ capital bases and encourage strong risk management are encouraged.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2008: Issue 141