The Republic of Latvia: 2001 Article IV Consultation Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia

International Monetary Fund

No 2002/010, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2001 Article IV Consultation highlights that Latvia has enjoyed a strong economic performance since the last Article IV Consultation in June 2000. Real GDP growth was 6½ percent in 2000 and accelerated to 8¾ percent in the first half of 2001; growth has been led primarily by investment. Inflation has remained low at 3 percent in 2000 and 2001. Market sentiment toward Latvia remains favorable, as evidenced by the relatively low yield spread on Latvia’s first Eurobond and by the successful issue, in November 2001, of a second Eurobond.

Keywords: ISCR; CR; government; deficit; credit growth; economic activity index; growth; merchandise trade balance; NATO accession defense expenditure; persistent current account deficit; Current account deficits; Exchange rates; Credit; Commercial banks; Western Europe; Baltics; Central and Eastern Europe; Global (search for similar items in EconPapers)
Pages: 67
Date: 2002-01-25
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