Experts from the International Monetary Fund (IMF) called on Lithuania to address social disparity and demographic challenges as they completed their mission in Vilnius on Monday.
International Monetary Fund
© Corbis

"We assess the situation in Lithuania as positive. The economy is growing strongly, fiscal position is strong and the financial sector is stable. We think that short-term risks are manageable. We think that it is time to shift focus to longer term risks," Borja Gracia, head of the mission from the fund's European Department, said at a news conference.

"One is the social dimension, social disparity and also the demographics: population is declining in Lithuania, and the population is becoming older," he said.

Gracia added that the government's planned structural reforms "rightfully place the focus on these challenges".

Lithuanian Finance Minister Vilius Šapoka said that the government has secured a positive assessment of the planned reforms from the IMF, which will contribute to their success.

The IMF team started their work in Lithuania on May 10.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Court finds two people guilty of spying for Russia

A Lithuanian court has found two persons guilty of spying for Russia and issued them prison...

Coalition negotiators complete talks but fail to agree on child benefit

Representatives of four parties in Lithuania, holding negotiations on a future ruling coalition ,...

Fake news on military exercise published after several websites were hacked

Fake news on the ongoing military exercise in Lithuania was published on Wednesday when several news...

Remains of last partisan discovered in Vilnius

The remains of Antanas Kraujelis-Siaubunas , Lithuania's last partisan who was killed with a gun in...

Government backs EU plan to ensure net-zero emissions by 2050

Lithuania's government on Wednesday decided to join an initiative by other European countries to set a...