International Monetary Fund experts to analyse Lithuania's economic situation and future prospects
Today, Vice-Minister of Finance Januš Kizenevič met with Kazuko Shiron, Head of the International Monetary Fund (IMF) mission to Lithuania, which is starting work in Lithuania, and IMF experts who will analyse the country's economic situation for a week. Representatives of the Fund will analyse fiscal policy, taxation, social security, planning and implementation of the State budget, the situation of the financial sector and other issues.
During the meeting, the prospects for the development of the Lithuanian economy, the country's fiscal policy priorities and the main directions of the draft State budget for 2027 were discussed. The Vice-Minister of Finance presented the challenges of balancing the growing needs for defence investment, strengthening the resilience of the economy and the sustainable development of public finances.
The IMF conducts ongoing country surveillance and makes recommendations to achieve or maintain the country's financial stability. Lithuania cooperates intensively with the Fund in all its areas of competence.
During the visit to Lithuania, IMF representatives will also meet with representatives of the Presidency, the Bank of Lithuania, the National Audit Office, the National Development Bank ILTE and other state institutions, social partners and the private sector.
Additional information:
The International Monetary Fund (IMF) was established in 1944 at the United Nations Conference in Bretton Woods (USA).
The purpose of the Fund is to promote international cooperation in monetary and exchange rate policy, to strengthen global economic growth, to increase employment and to provide temporary financial assistance to address balance-of-payments problems in the Member States.
Lithuania became a member of the IMF in 1992. Article IV of the IMF Articles of Agreement obliges IMF member countries to pursue economic and financial policies that ensure domestic and international financial and economic stability.
The IMF currently has 191 members worldwide.