Republic of Lithuania: Second Review Under the Stand-By Arrangement

International Monetary Fund

No 2001/063, IMF Staff Country Reports from International Monetary Fund

Abstract: Lithuania showed progress in macroeconomic stability and structural reforms, under the Stand-By Arrangement. Executive Directors welcomed this development, and endorsed the authorities' intention to switch the peg of the litas to the euro, with a view to move toward greater economic integration with the European Union area, while preserving the credibility of the currency board. They welcomed the comprehensive medium-term fiscal framework, which aimed to determine the priorities, address future expenditure pressures, and achieve the medium-term goal of a cyclically balanced budget.

Keywords: ISCR; CR; EU accession; draft board decision; waiver; staff; waivers of applicability; stand-by arrangement-staff supplement; Lithuania's performance; executive board's decision; International reserves; Pension spending; Credit; Baltics (search for similar items in EconPapers)
Pages: 46
Date: 2001-04-23
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