Republic of Latvia : Third Review Under the Stand-By Arrangement and Financing Assurances Review, Request for Rephasing of Purchases Under the Arrangement, and Request for Waiver of Applicability of a Performance Criterion.

The labor market remains weak, disinflation has slowed, but falling wages are improving competitiveness. The weak economic environment is putting pressure on the banking sector. Financial conditions have deteriorated recently because of international financial market tensions. The Bank of Latvia has...

وصف كامل

التفاصيل البيبلوغرافية
مؤلف مشترك: International Monetary Fund
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2010.
سلاسل:IMF Staff Country Reports; Country Report ; No. 2010/357
الوصول للمادة أونلاين:Full text available on IMF
الوصف
الملخص:The labor market remains weak, disinflation has slowed, but falling wages are improving competitiveness. The weak economic environment is putting pressure on the banking sector. Financial conditions have deteriorated recently because of international financial market tensions. The Bank of Latvia has strengthened its liquidity management framework. Program implementation remains broadly on track. Strengthening the Ministry of Finance's control over fiscal decisions is crucial. The government needs to accelerate Mortgage and Land Bank's restructuring and facilitate market-based debt resolution. Program implementation to date has helped insulate Latvia from the recent international financial market turmoil.
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وصف مادي:1 online resource (68 pages)
التنسيق:Mode of access: Internet
تدمد:1934-7685
وصول:Electronic access restricted to authorized BRAC University faculty, staff and students