Republic of Latvia: First Post-Program Monitoring Discussions

International Monetary Fund

No 2012/171, IMF Staff Country Reports from International Monetary Fund

Abstract: This collection of papers presents the First Post-Program Monitoring Discussions focusing on economic development in the Republic of Latvia. Latvia successfully completed its EU-IMF-supported program in December 2011. As part of the program, Latvia implemented fiscal consolidation measures of more than 15 percent of GDP. Executive Directors have welcomed Latvia’s economic recovery since the crisis. Directors have commended the remarkable fiscal consolidation and have also emphasized the need for continued prudence to maintain fiscal and debt sustainability.

Keywords: ISCR; CR; deficit; government; economy; headline inflation; discussion; Maastricht criterion; Latvia's economy; Latvian authorities; IMF staff estimate; core inflation; Fiscal stance; Inflation; Loans; Global; Baltics (search for similar items in EconPapers)
Pages: 51
Date: 2012-07-16
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