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Republic of Estonia: Staff Report for the 2011 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 333
Language:
English
Publication Date:
29 Nov 2011
DOI:
https://doi.org/10.5089/9781463925895.002
ISBN:
9781463925895
ISSN:
1934-7685
Pages:
62
Keywords:
ISCR; CR; Estonia; government balance sheet; euro; financing; core inflation; exchange arrangement; Estonia's attractiveness; liability positions vis-à-vis nonresident; real GDP; hard-earned fiscal credibility; exchange rate; fiscal tradition; vis-à-vis nonresident; Financial derivatives; Income; Global
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The staff report for the 2011 Article IV Consultation concluded that a vibrant recovery marked Estonia’s first year in the euro area, albeit amid nascent tensions. The economy’s strong rebound has been grounded in a proven track record of prudent macroeconomic policies. Executive Directors endorsed that Estonia faces an increasingly challenging environment as it looks to continue implementing policies preserving macroeconomic policy credibility and safeguarding sustainable growth. They also stated that, for the financial sector, the challenge entails safeguarding stability in the context of heightened global financial tension.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund