Bank of Lithuania

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, who is arriving in Lithuania, will meet the members of the central bank‘s Board at the Bank of Lithuania on Thursday. During the meeting, it is intended to review the situation of the Lithuanian economy and the IMF‘s most recent forecasts of the world economy. It is also scheduled to discuss the experience of the Bank of Lithuania in seeking higher stability and transparency in the banking sector, eliminating threats to the country‘s financial stability that were posed by the operations of some credit institutions

On Thursday after meeting the members of the Board of the Bank of Lithuania, Christine Lagarde will also attend a roundtable discussion “European Economic Integration: Stock Taking of Challenges and Opportunities“. The event will also be attended by Jörg Asmussen, a member of the Executive Board of the European Central Bank, Vitas Vasiliauskas, the Chairman of the Board of the Bank of Lithuania, and Rimantas Šadžius, the Minister of Finance of the Republic of Lithuania.

This is the first visit of an IMF official of such a high rank in Lithuania in the recent sixteen years.   

Lithuania has been a member of the International Monetary Fund since 1992. The last time Michel Camdessus, the-then head of the IMF, visited Lithuania in 1997.