Bank of Lithuania
1 of 1

The 2024 consultation with Lithuania under Article IV of the Articles of Agreement of the International Monetary Fund (IMF) will begin on 24 May. The IMF mission led by Borja Gracia in Lithuania will run until 7 June.

The IMF experts have scheduled meetings with the heads of the Bank of Lithuania during the consultation. The IMF mission will also meet with the representatives of the Ministry of Finance, other state institutions and the private sector. IMF experts will look at Lithuania’s overall macroeconomic situation and labour market trends. Meetings with the institutions will also include discussions on fiscal policy, the structural reform agenda and financial sector regulation.

Special attention will be paid to the productivity and competitiveness of the Lithuanian economy in the international market, as well as to fiscal measures that could finance the growing need for investment in national defence and, in the long term, costs which will increase significantly due to an ageing population.

IMF economists will also cover these topics at the joint IMF and Bank of Lithuania Macroeconomic Research Conference, which will take place on 31 May at Vilnius University Institute of International Relations and Political Science. The event will start with a high-level discussion, during which the head of the IMF mission to Lithuania, together with Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania, and Gintarė Skaistė, Minister of Finance, will discuss how and why Lithuanian exporters have managed to adapt to various external shocks over the past two years, as well as their competitiveness prospects.

The IMF is a 190-nation organization that that works to achieve sustainable growth and prosperity for all of its member countries. Lithuania has been a member of the IMF since 1992, our country is represented in the IMF by the head of the central bank.