IMF’s Lagarde praises ‘remarkable’ recovery in Latvia

Christine Lagarde

International Monetary Fund managing director Christine Lagarde used a conference in Riga on June 5 to praise the "remarkable achievements" of Latvia and the other Baltic states in overcoming a deep recession in 2008–09.

Lagarde emphasised the strong political will and sense of "ownership" in Latvia that allowed a sharp fiscal tightening, following the country seeking IMF funding support of €7.5 billion ($9.4 billion). The Latvian economy had contracted by more than 20% during the recession, but

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: