Republic of Latvia; First Post-Program Monitoring Discussions

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 Latviaâ€™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.

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Year of publication:	2012-07-16
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Banking sector \| Economic growth \| Economic indicators \| Economic recovery \| Fiscal reforms \| Post-program monitoring \| Tax reductions \| external debt \| current account \| public debt \| current account deficit \| debt sustainability \| public sector debt \| balance of payments \| debt dynamics \| external financing \| current account balance \| repayments \| net external debt \| external debt sustainability \| debt stock \| budget deficit \| debt ratio \| domestic currency \| short-term debt \| net debt \| fiscal developments \| fiscal space \| domestic financing \| fiscal responsibility \| current account surplus \| central bank \| local government spending \| tax rates \| fiscal balances \| reserve assets \| fiscal consolidation \| annual budget \| repurchases \| government spending \| total external debt \| private debt \| tax cuts \| fiscal impulse \| fiscal responsibility law \| tax burden \| government debt \| long-term debt \| currency mismatches \| official creditors \| debt service \| fiscal policy \| external shocks \| budget projections

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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 12/171 5 pages long
Source:	RePEc - Research Papers in Economics

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