Bank of Lithuania
2022-05-26
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The International Monetary Fund (IMF) experts will learn about the general macroeconomic situation in Lithuania, its labour market trends, the situation in the financial sector, fiscal policy, the situation in the energy sector and the climate change policy. Particular attention will be paid to assessing the impact of the war in Ukraine on Lithuania's economy and its financial sector, as well as the adaptation of Lithuanian economy to rising prices.

During the two-week consultations, IMF experts are scheduled to meet with members of the Board of the Bank of Lithuania and its Departments. The IMF mission will also meet with representatives of the Ministry of Finance and other public institutions, as well as the private sector. This is the first time since the beginning of the pandemic that an IMF mission has come to Lithuania physically, as for the past two years consultations with the IMF were conducted remotely. The consultations in Lithuania are held according to Article IV of the Articles of Agreement of the International Monetary Fund. The IMF mission led by Borja Gracia will work in Lithuania until 7 June.

Lithuania has been a member of the IMF since 1992. Currently, the IMF is an organisation of 190 countries.