Cover IMF Staff Country Reports
Buy Book in Print
Republic of Latvia: Fourth Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Rephasing of Purchases Under the Arrangement and Request for Waiver of Nonobservance of a Performance Criterion
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 126
Language:
English
Publication Date:
08 Jun 2011
DOI:
https://doi.org/10.5089/9781455277568.002
ISBN:
9781455277568
ISSN:
1934-7685
Pages:
91
Keywords:
ISCR; CR; request for waiver of nonobservance; request; request for Rephasing; waiver; state; IMF's support; request for Rephasing of purchase; authorities' strategy; Inflation; PFM legal and regulatory frameworks; Budget planning and preparation; Global; Baltics; Europe
Download PDF (1.5 MB) Download Epub
Strong policy implementation under the Stand By-Arrangement (SBA) has contributed to Latvia’s economic recovery and put attainment of Maastricht criteria for euro adoption within reach. The government has continued to achieve substantial fiscal savings and strengthened its active labor market policy. Executive Directors stressed the need to implement plans for reforming state-owned banks and to promote market-based debt restructuring. Directors advised to maintain strong budget implementation in 2011 and focus on reducing taxes in the 2012 budget. They encouraged to enhance efficiency of state-owned enterprises to keep inflation under control.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund