European Parliament Library

Republic of Lithuania :, 2013 Article IV Consultation: Staff Report, Information Annex, Public Information Notice, Statement by the Executive Director

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
Table Of Contents
Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS; A. An Ongoing Recovery; B. The Banking System; OUTLOOK AND RISKS; BOXES; 1. External Linkages and Spillovers from the Global Economy; POLICY DISCUSSIONS; A. Securing Fiscal Space; 2. The Composition of Fiscal Consolidation in Lithuania; 3. Raising Revenue Through More Progressive Taxation in Lithuania; B. The Financial Sector-Playing its Supportive Role in Enabling Growth; 4. Tax Policy Recommendations; C. Competitiveness-a Driver for Longer-Term Growth; 5. Does Low Credit Growth Reflect a Lack of Demand or Supply?; D. Euro Adoption
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (58 p.)
Specific Material Designation
Form Of Item

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