Republic of Lithuania: Request for Stand-By Arrangement

International Monetary Fund

No 2001/160, IMF Staff Country Reports from International Monetary Fund

Abstract: Lithuania achieved significant progress in macroeconomic stabilization and structural reforms, under the previous Stand-By Arrangement. Executive Directors welcomed the new program, which aimed at maintaining macroeconomic stability, promoting private sector activity, and strengthening external viability in order to attain sustainable growth and create employment opportunities. They stressed the need to implement fiscal and structural reforms. They agreed that the authorities are following an appropriate approach of preparing a medium-term fiscal framework, determining priorities, and seeking ways to achieve the medium-term goal of a balanced budget.

Keywords: ISCR; CR; government; authorities' strategy; SDR; EU accession; government regulation; government intervention; privatization program; EU requirement; Privatization; Commercial banks; Arrears; Baltics; Western Europe (search for similar items in EconPapers)
Pages: 91
Date: 2001-09-14
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