This paper discusses key issues pertaining to the economy of Lithuania. Good policies and favorable business conditions have helped put Lithuania back on the convergence path with western European living standards. Last year, growth took a temporary hit from difficult external environment....

This paper focuses on the Republic of Lithuania’s Third Review Under the Stand-By Arrangement. Program implementation has been good and all end-December 2002 quantitative performance criteria were met. Macroeconomic performance in 2002 was better than expected: real GDP grew by 5.9 percent,...

Lithuania showed good economic growth and low inflation, under the Stand-By Arrangement. Executive Directors commended the fiscal adjustment and structural reforms. However, domestic demand remained weak and unemployment continued to rise. Directors appreciated the sound financial system and the...

This paper evaluates the Republic of Lithuania’s Second Review Under the Stand-By Arrangement. Program implementation has been generally good. Macroeconomic performance was better than expected in 2001: real GDP grew by 5.9 percent, driven by buoyant exports and investment, while the impact of...

Lithuania showed progress in macroeconomic stability and structural reforms, under the Stand-By Arrangement. Executive Directors welcomed this development, and endorsed the authorities' intention to switch the peg of the litas to the euro, with a view to move toward greater economic integration...

This paper examines the Republic of Lithuania’s 2001 Article IV Consultation and First Review Under the Stand-By Arrangement. The macroeconomic objectives for 2001 are expected to be largely attained and all end-September performance criteria and structural benchmarks were met. The...