The Republic of Lithuania: Second Review Under the Stand-By Arrangement-Staff Report; News Brief on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Lithuania

International Monetary Fund

No 2002/131, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper evaluates the Republic of Lithuania’s Second Review Under the Stand-By Arrangement. Program implementation has been generally good. Macroeconomic performance was better than expected in 2001: real GDP grew by 5.9 percent, driven by buoyant exports and investment, while the impact of the slowdown in the European Union was limited and largely offset by strong demand from Commonwealth of Independent States (CIS) countries. The macroeconomic outlook for 2002 envisages faster growth and a slightly higher current account deficit, while inflation, wage, and employment projections remain largely unchanged.

Keywords: ISCR; CR; IMF's executive board; state; deficit; government; EU accession negotiations; budget arrears; exports to Latvia; EU level; Credit; International reserves; Debt service; Baltics (search for similar items in EconPapers)
Pages: 82
Date: 2002-07-02
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