01853cas a2200301 a 4500 AALejournalIMF005755 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451824612 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Latvia : Stand-By Arrangement; Interim Review Under the Emergency Financing Mechanism. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (12 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses key findings of the Stand-By Arrangement-Interim Review under the Emergency Financing Mechanism for the Republic of Latvia. Financial market pressures in Latvia have eased somewhat since program approval: deposit outflows have slowed and the exchange rate has moved off the weaker end of its band. However, new risks are emerging. The recession has intensified, facilitating external adjustment but lowering tax revenues. Though sizable, fiscal policy adjustment has fallen short of commitments in the program, owing to weaknesses in implementation and difficulties in reducing local government expenditure. Mode of access: Internet CR imf GDP imf Government imf ISCR imf Wage Bill imf IMF Staff Country Reports; Country Report ; No. 2009/125 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/125/002.2009.issue-125-en.xml IMF e-Library