The International Monetary Fund experts will assess Lithuania's economic situation and prospects

On 17-21 November, Ms Kazuko Shiron, Head of the International Monetary Fund's (IMF) mission to Lithuania, and IMF experts will visit Lithuania to analyse the country's economic situation. The representatives of the Fund will examine the areas of fiscal policy, taxation, social security, planning and implementation of the State budget, the situation of the financial sector and other issues.

"We are delighted with the constructive cooperation with the experts of the International Monetary Fund - their insights are particularly valuable in finding timely solutions, ensuring sustainable growth of the Lithuanian economy, therefore it will be very useful to hear their views on the situation in our country and strategic priorities in the context of budget formation and adoption", Minister of Finance Kristupas Vaitiekūnas stressed.

The IMF conducts ongoing country surveillance and makes recommendations to achieve or maintain financial stability in the country. Lithuania cooperates intensively with the Fund in all areas of its competence. During the visit, the IMF representatives will also meet with the representatives of the President's Office, the Bank of Lithuania, the National Audit Office, the National Development Bank ILTE and other state institutions, social partners and of the private sector.

Additional information:
The International Monetary Fund (IMF) was founded in 1944 at the United Nations conference in Bretton Woods (USA).
The purpose of establishing the Fund was to promote international cooperation in monetary and exchange rate policy, strengthen global economic growth, increase employment and provide temporary financial assistance to solve balance of payments problems of the member countries.
Lithuania became a member of the IMF in 1992. Article IV of the IMF Treaty obliges IMF member countries to pursue economic and financial policies that ensure domestic and international financial and economic stability.
Currently, the IMF is an organisation of 191 countries.