Download or read book Republic of Lithuania written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-01-22 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lithuania showed good economic growth and low inflation, under the Stand-By Arrangement. Executive Directors commended the fiscal adjustment and structural reforms. However, domestic demand remained weak and unemployment continued to rise. Directors appreciated the sound financial system and the banking supervision. They emphasized the need to maintain fiscal and monetary policies. They agreed that the privatization of the state-owned banks will foster competition in the banking sector and promote sustainable credit growth to the private sector.