Republic of Latvia: Staff Report for the 2010 Article IV Consultation—Informational Annex
Author: International Monetary Fund
Publication Date:
09 Dec 2010
eISBN:
9781455212798
Language:
English
Keywords:
ISCR; CR; end-June performance criteria; compromise proposal; proposal; debt; deficit rule; year-on-year inflation
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Policy efforts in Latvia have supported stabilization. Immediate risks are much lower, but medium-term challenges remain. The government should focus on durable spending cuts, but revenue measures may also be required. Efforts to strengthen regulation and supervision to improve financial stability, including reducing reliance on wholesale external funding, is commended. With monetary and fiscal policy constrained by the fixed exchange rate and the need to reduce the deficit, growth depends on structural reform. While economic and financial conditions are much improved, risks remain significant.

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Republic of Latvia: 2010 Article IV Consultation Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia
Author: International Monetary Fund
Volume/Issue:
Volume 2010: Issue 356
Publisher:
International Monetary Fund
ISBN:
9781455212798
ISSN:
1934-7685
Pages:
71
DOI:
https://doi.org/10.5089/9781455212798.002