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Republic of Latvia: Staff Report for the 2005 Article IV Consultation

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  • International Monetary Fund

Abstract

The staff report for the 2005 Article IV Consultation on the Republic of Latvia highlights the economic outlook and mid-term risks. A sound policy framework and far-reaching structural reforms supported this performance, including a prudent fiscal policy that underpinned the exchange rate peg. The ongoing credit boom and faster real wage growth are expected to support private domestic demand while a sharp increase in net European Union (EU) grants would also boost public spending. Efficiently allocating EU funds for infrastructure was seen as a key element of a framework for promoting efficient resource allocation.

Suggested Citation

  • International Monetary Fund, 2005. "Republic of Latvia: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/282, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/282
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18478
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    Cited by:

    1. Robert M Stern, 2009. "Trade in Financial Services--Has the IMF Been Involved Constructively?," Working Papers 587, Research Seminar in International Economics, University of Michigan.
    2. Mr. Mark J Flanagan & Mr. Felix Hammermann, 2007. "What Explains Persistent Inflation Differentials Across Transition Economies?," IMF Working Papers 2007/189, International Monetary Fund.

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