| Description |
1 online resource (51 pages) : color illustrations |
| Series |
IMF country report ; no. 14/113 |
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IMF country report ; no. 14/113.
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| Contents |
Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS; BOXES; 1. External Stability Assessment; 2. Constitutional Court Ruling on Pension and Wage Cuts; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Adopting the Euro and Improving Policy Frameworks; 3. Implementation of Past Fund Advice; 4. Sustainability of Low Inflation*; 5. Fiscal Sustainability*; B. Completing Public Finance Repair and Locking in Gains; C. Maintaining a Sound Financial System that Supports Investment; D. Advancing Structural Reform to Further Income Convergence; STAFF APPRAISAL; FIGURES; 1. Real Sector Developments |
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2. Labor Market and Competitiveness Developments3. Banking Sector Developments; 4. Fiscal Sector Developments; TABLES; 1. Selected Economic Indicators, 2011-19; 2. General Government Operations, 2011-19; 3. Balance of Payments, 2011-19; 4. Summary of Monetary Accounts, 2008-15; 5. Financial Soundness Indicators, Banking System Data, 2007-13; ANNEXES; ANNEX FIGURES; 1A. External Debt Sustainability Analysis: Bound Tests; ANNEX TABLES; 1A. External Debt Sustainability Framework, 2008-19; 2A. Public Debt Sustainability Analysis -- Baseline |
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2A. Public Debt Sustainability -- Composition of Public Debt and Alternative ScenariosCONTENTS; FUND RELATIONS; STATISTICAL ISSUES |
| Summary |
"The economy has entered a broadly favorable trajectory of healthy and balanced growth, thanks to a multi-year reform effort. Output should surpass its pre-crisis peak of 2008 for the first time this year, but now in a sustainable manner. Downside risks dominate however, reflecting primarily external factors. The income gap with Western Europe remains considerable, underscoring the need for continued policy discipline and reform. The momentum will need to come increasingly from structural changes as dividends from macroeconomic adjustment run their course. Analysis of key structural issues in this report draws on the companion Baltic Cluster Report. Euro Adoption. Lithuania is well placed to adopt the euro next year, in terms of entry criteria, sustainability of low inflation and public finances, and external stability. It will be a welcome boon to the economy, enhancing financial stability and bringing integration gains. But upgrading supporting policy frameworks, especially to better control the business cycle, will be imperative for EMU membership to be a lasting success. Fiscal Policy. The repair of public finances is well advanced but not yet complete. More consolidation is needed to reach the medium-term objective and materially bring down the debt ratio after its relentless post-crisis increase. It should come from high-quality revenue measures; a public expenditure review would help ensure spending efficiency within an overall tight envelope. Financial Stability. Financial stability has improved further and the main challenge now is resuscitating private sector credit growth to support investment. Structural Reforms. Tackling high structural unemployment, securing a vibrant export sector for the future, and pushing ahead with key infrastructure projects in energy and transport are important priorities"--Abstract |
| Notes |
"May 2014." |
|
"April 16, 2014"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from pdf title page (IMF Web site, viewed May 12, 2014) |
| Subject |
International Monetary Fund -- Lithuania
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Economic development -- Lithuania
|
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Convergence (Economics) -- Lithuania
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Finance -- Lithuania
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Structural adjustment (Economic policy) -- Lithuania
|
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Economic indicators -- Lithuania
|
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Convergence (Economics)
|
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Economic development
|
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Economic indicators
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Finance
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Structural adjustment (Economic policy)
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Lithuania
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| Form |
Electronic book
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| Author |
International Monetary Fund.
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| ISBN |
9781484374733 |
|
1484374738 |
|
9781484375754 |
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1484375750 |
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