01807cas a2200241 a 4500 AALejournalIMF006096 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451824629 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Latvia : First Review and Financing Assurances Review Under the Stand By Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, and Rephasing of Purchases Under the Arrangement. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (114 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 The Latvian authorities have strengthened their intervention capacity, financial supervision, and monitoring framework, and have taken steps to contain risks in Parex Bank. The staff report reviews the Republic of Latvia's economic developments and policies. Substantial progress has been achieved in stabilizing the financial sector. The collapse in output has revealed significant underlying fiscal weaknesses that risk leading to unsustainable deficits in the absence of strong corrective measures. The deeper downturn is also in part explained by the much worse-than-projected international environment. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2009/297 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/297/002.2009.issue-297-en.xml IMF e-Library