Republic of Latvia: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2005/282, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 61
Date: 2005-08-10
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