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Republic of Lithuania: Staff Report for the 2009 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2009 Article IV Consultation highlights that the Lithuanian economy is undergoing a severe adjustment, after years of rapid economic growth and financial integration. With the global financial crisis, the unwinding of the imbalances accumulated during the boom has led to a sharp economic contraction. Capital inflows came to a halt in late 2008 and reversed in 2009, and the current account deficit turned into a surplus. Executive Directors have recognized the authorities’ strong commitment to maintain the currency board arrangement, which has served as a useful macroeconomic anchor.

Suggested Citation

  • International Monetary Fund, 2009. "Republic of Lithuania: Staff Report for the 2009 Article IV Consultation," IMF Staff Country Reports 2009/322, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/322
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23437
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    Cited by:

    1. Mohamed Abdelbasset Chemingui & Mohammed Hajeeh, 2011. "Fiscal Policy Responses to Oil Price Volatility in an Oil-Based Economy," Public Finance Review, , vol. 39(2), pages 288-308, March.

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