Republic of Latvia : Stand-By Arrangement: Interim Review Under the Emergency Financing Mechanism
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
Year of publication: |
2009
|
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Institutions: | International Monetary Fund ; International Monetary Fund (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | IWF-Kredit | IMF lending | Lettland | Latvia |
Saved in:
freely available
Extent: | Online-Ressource (12 p) |
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Series: | IMF staff country report. - Washington, DC : IMF, ZDB-ID 2390613-3. - Vol. Country Report No. 09/125 |
Type of publication: | Book / Working Paper |
Language: | English |
ISBN: | 1-4518-2461-0 ; 978-1-4518-2461-2 |
Other identifiers: | 10.5089/9781451824612.002 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014407520
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