Franklin

Republic of Latvia [electronic resource] : Stand-By Arrangement: Interim Review Under the Emergency Financing Mechanism.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2009.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 09/125.
IMF Staff Country Reports; Country Report No. 09/125
Format/Description:
Government document
Book
1 online resource (12 p.)
Local subjects:
Balance of payments. (search)
Bank reforms. (search)
Bank resolution. (search)
Bank supervision. (search)
Current account balance. (search)
Economic indicators. (search)
Emergency financing mechanism. (search)
Expenditure restraint. (search)
Export sector. (search)
Financial sector. (search)
Fiscal balance. (search)
Fiscal deficit. (search)
Fiscal institutions. (search)
Fiscal performance. (search)
Fiscal policy. (search)
Fiscal policy adjustment. (search)
Fiscal resources. (search)
Fiscal sector. (search)
Fiscal sustainability. (search)
Fiscal targets. (search)
Fixed investment. (search)
Government expenditure. (search)
Government spending. (search)
Gross capital formation. (search)
Local government expenditure. (search)
Local government spending. (search)
Net exports. (search)
Open market. (search)
Partner countries. (search)
Political economy. (search)
Preliminary assessment. (search)
Stand-by arrangement reviews. (search)
Tax revenues. (search)
Trade deficit. (search)
Trading partner. (search)
Trading partners. (search)
Unemployment rate. (search)
Latvia. (search)
Summary:
This paper discusses key findings of the Stand-By Arrangement–Interim Review under the Emergency Financing Mechanism for the Republic of Latvia. Financial market pressures in Latvia have eased somewhat since program approval: deposit outflows have slowed and the exchange rate has moved off the weaker end of its band. However, new risks are emerging. The recession has intensified, facilitating external adjustment but lowering tax revenues. Though sizable, fiscal policy adjustment has fallen short of commitments in the program, owing to weaknesses in implementation and difficulties in reducing local government expenditure.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451824610:
9781451824612
ISSN:
1934-7685
Publisher Number:
10.5089/9781451824612.002
Access Restriction:
Restricted for use by site license.
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