The Republic of Lithuania

The Republic of Lithuania

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This paper evaluates the Republic of Lithuaniaa€™s Second Review Under the Stand-By Arrangement. Program implementation has been generally good. Macroeconomic performance was better than expected in 2001: real GDP grew by 5.9 percent, driven by buoyant exports and investment, while the impact of the slowdown in the European Union was limited and largely offset by strong demand from Commonwealth of Independent States (CIS) countries. The macroeconomic outlook for 2002 envisages faster growth and a slightly higher current account deficit, while inflation, wage, and employment projections remain largely unchanged.... wholesalers and retailers of compensated medications (in May); (iii) introduction of patienta#39;s medication registration certificates (in ... (ii) conclusion of negotiations with health service providers on prescription limits; and (iii) approval of procedures for the ... on supplementary matching government contributions and tax incentives, was endorsed by Seimas in May 2002. ... Also by end- September, the bankruptcy law will be amended to strengthen the process for appointing bankruptcyanbsp;...

Title:The Republic of Lithuania
Author: International Monetary Fund
Publisher:International Monetary Fund - 2002-07-02

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