Franklin

Republic of Latvia 2010 Article IV Consultation [electronic resource] : Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Latvia.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2010.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 10/356.
IMF Staff Country Reports; Country Report No. 10/356
Format/Description:
Government document
Book
1 online resource (71 p.)
Local subjects:
Account deficits.
Annual budget.
Article IV consultation reports.
Balance of payments.
Balance sheet effects.
Bank supervision.
Budget deficit.
Budget process.
Capital expenditure.
Central bank.
Currency board.
Currency boards.
Current account.
Current account balance.
Current account deficit.
Current account deficits.
Current account surplus.
Current account surpluses.
Debt dynamics.
Debt overhang.
Debt ratio.
Debt restructuring.
Debt service.
Debt stock.
Debt sustainability.
Domestic currency.
Domestic financing.
Domestic saving.
Economic indicators.
Expenditure cuts.
Expenditure ratios.
External debt.
External debt sustainability.
External financing.
External funding.
External sector.
Fiscal adjustment.
Fiscal assumptions.
Fiscal balance.
Fiscal balances.
Fiscal conditions.
Fiscal consolidation.
Fiscal control.
Fiscal costs.
Fiscal deficit.
Fiscal developments.
Fiscal discipline.
Fiscal issues.
Fiscal measures.
Fiscal outcomes.
Fiscal policies.
Fiscal policy.
Fiscal policy formulation.
Fiscal position.
Fiscal reforms.
Fiscal responsibility.
Fiscal responsibility law.
Fiscal rule.
Fiscal space.
Fiscal stance.
Fiscal targets.
Fiscal tightening.
Fiscal transparency.
Government debt.
Government expenditure.
Government expenditure ratios.
Government spending.
Interest expenditure.
Long-term debt.
Net debt.
Net external debt.
Performance criteria waivers.
Phasing of purchases.
Primary current expenditure.
Primary deficit.
Private credit.
Private debt.
Private sector debt.
Private sector indebtedness.
Public debt.
Public sector debt.
Real effective exchange rates.
Repayments.
Repurchases.
Reserve assets.
Short-term debt.
Spending cuts.
Stabilization measures.
Stand-by arrangement reviews.
Structural fiscal.
Structural fiscal reforms.
Sustainable fiscal adjustment.
Tax administration.
Tax base.
Tax cut.
Tax cuts.
Tax evasion.
Tax liability.
Tax rates.
Tax revenue.
Tax revenues.
Tax system.
Tax wedge.
Tax wedge on labor.
Taxation.
Total external debt.
Estonia.
Latvia.
Lithuania.
Summary:
Policy efforts in Latvia have supported stabilization. Immediate risks are much lower, but medium-term challenges remain. The government should focus on durable spending cuts, but revenue measures may also be required. Efforts to strengthen regulation and supervision to improve financial stability, including reducing reliance on wholesale external funding, is commended. With monetary and fiscal policy constrained by the fixed exchange rate and the need to reduce the deficit, growth depends on structural reform. While economic and financial conditions are much improved, risks remain significant.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1455212792:
9781455212798
ISSN:
1934-7685
Publisher Number:
10.5089/9781455212798.002
Access Restriction:
Restricted for use by site license.
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