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Republic of Lithuania: 2013 Article IV Consultation

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  • International Monetary Fund
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    Abstract

    This 2013 Article IV Consultation IMF staff report focuses on measures that are being undertaken to rebalance macroeconomic growth in Lithuania. The IMF report discusses the requirement of fiscal consolidation to fully rebuild fiscal space. It highlights the important role played by the financial sector in enabling sound credit expansion to support economic growth. Reducing obstacles to the resolution of nonperforming loans could help ease constraints on credit supply. The current account deficit is projected to remain relatively contained over the medium term, reaching about 2 percent of GDP, and financed mostly by foreign direct investment.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40423
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/081.

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    Length: 57
    Date of creation: 28 Mar 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/081

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    Postal: International Monetary Fund, Washington, DC USA
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    Related research

    Keywords: Article IV consultation reports; Economic recovery; Economic growth; Unemployment; Labor market policy; Fiscal policy; Banking sector; Bank supervision; Credit expansion; Staff Reports; Public information notices; Lithuania; banking; external debt; current account; banking system; debt sustainability; public debt; short-term debt; public sector debt; bank funding; current account balance; current account deficit; debt ratio; debt dynamics; external debt sustainability; monetary authority; central bank; bank loans; balance of payments; foreign exchange; banks ? loan; debt sustainability analysis; currency board; debt stock; reserve adequacy; capital adequacy; excess liquidity; domestic currency; tier 1 capital; external shocks; liquidity ratio; banking institutions; deposit insurance; government debt; domestic debt; bank profitability; return on equity; repayments; long-term debt; external auditor; banking services; excess demand; foreign debt; net external debt; total external debt; bank branches; government deficit; current account deficits; external financing;

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