IMF Praises Lithuania´s Economic Recovery

Politics ♦ Published: February 16, 2013; 19:23 ♦ (Vindobona)

According to the International Monetary Fund, the income redistribution is not sufficient. In general, Lithuania´s economic performance is satisfying, however.

IMF Praises Lithuania´s Economic Recovery / Picture: © IMF

After a meeting with Prime Minister Algirdas Butkevicius, the IMF stressed that the country has managed a remarkable recovery. However, Lithuania´s income redistribution through fiscal policies is not enough. After the severe economic crisis in 2009, Lithuanias government has cut social benefits, salaries of civil servants and pensions drastically.

The IMF noted that Lithuania…