Republic of Estonia; 2004 Article IV Consultationâ€”Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Estonia

This 2004 Article IV Consultation highlights that economic activity has been gathering speed in Estonia. Year-over-year growth accelerated to 6.8 percent in 2004 Q1 from 5.8 percent in 2003 Q1, driven by domestic demand and supported by technology sector exports. Inflation accelerated in the first half of 2004 as a result of European Union tax harmonization. Estoniaâ€™s banking system remains financially sound. The percentage of nonperforming loans declined further and, at 0.4 percent of the total, is the lowest among transition countries.

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Year of publication:	2004-11-11
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultations \| Staff Reports \| current account \| external debt \| current account deficit \| currency board \| financial sector \| domestic currency \| debt stock \| international reserves \| nominal interest rate \| money market \| money market instruments \| balance of payments \| reserve requirements \| government debt \| debt sustainability \| short-term debt \| currency risk \| reserve assets \| current account balance \| reserve requirement \| total external debt \| financial institutions \| external debt sustainability \| domestic saving \| public sector debt \| net external debt \| derivative assets \| financial derivatives \| current account deficits \| debt ratio \| derivative \| bond \| foreign aid \| portfolio investment \| financial policies \| bonds \| financial derivative \| stock exchange \| budget expenditures \| external financing \| domestic financing \| domestic-currency \| stock exchange index \| debt data \| long-term debt \| effective interest rate \| debt dynamics \| short term debt \| central bank \| government bonds \| nominal depreciation \| domestic foreign currency \| government loan \| external debt data \| foreign currency debt \| denominated bond \| debt service \| external shocks \| foreign loans \| eurobond \| amortization payments \| benchmark bonds \| general resources account \| savings deposits \| bond market \| bond spread \| private external debt \| debt service to exports \| reserve holdings \| currency debt \| stock market \| deposit rates \| stock market index \| external obligations \| domestic bond market \| foreign loan \| financial market \| domestic bond \| budget system \| financial statements \| financial stability \| financial markets \| international standards \| financial corporations

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 04/358 5 pages long
Source:	RePEc - Research Papers in Economics

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