Republic of Latvia [electronic resource] : First and Second Reviews Under the Stand-By Arrangement and Request for Waiver of a Performance Criterion.
Material type:
TextSeries: IMF Staff Country Reports, Country Report ; No. 02/149Publication details: Washington, D.C. : International Monetary Fund, 2002Description: 1 online resource (59 p.)ISBN: 1451824556 :ISSN: 1934-7685Subject(s): Announcements | Deficit | Performance Criteria Waivers | Staff Reports | Stand-By Arrangement Reviews | LatviaAdditional physical formats: Print Version:: Republic of Latvia : First and Second Reviews Under the Stand-By Arrangement and Request for Waiver of a Performance CriterionOnline resources: IMF e-Library | IMF Book Store Abstract: This paper focuses on the Republic of Latvia's First and Second Reviews Under the Stand-By Arrangement and a Request for a Waiver of a Performance Criterion. Latvia has continued to follow prudent macroeconomic policies. All performance criteria under the IMF-supported program have been observed-except that the end-December 2001 fiscal deficit ceiling was exceeded by 0.2 percent of GDP because of local government budget overruns. Key financial sector indicators suggest no major vulnerabilities at this time. The current account deficit remains the main risk to Latvia's economy.
This paper focuses on the Republic of Latvia's First and Second Reviews Under the Stand-By Arrangement and a Request for a Waiver of a Performance Criterion. Latvia has continued to follow prudent macroeconomic policies. All performance criteria under the IMF-supported program have been observed-except that the end-December 2001 fiscal deficit ceiling was exceeded by 0.2 percent of GDP because of local government budget overruns. Key financial sector indicators suggest no major vulnerabilities at this time. The current account deficit remains the main risk to Latvia's economy.
Description based on print version record.
There are no comments on this title.