From today until 24 October a delegation from the International Monetary Fund, IMF, will be making its annual visit to Estonia to discuss the country's economic policy with representatives of the government and private businesses.

During their visit the delegation will be given an overview of the development and prospects of the Estonian economy, fiscal policy developments, and the state of the financial sector. The focus of attention will be on the effect on Estonian companies and their competitiveness of the rapid rise in Estonian unit labour costs, and changes in productivity.

The visit will last a week and a half and the IMF representatives will meet members of the government and the parliament, leaders and analysts from Eesti Pank and the Financial Supervision Authority, and managers and economists of commercial banks and other companies, among others.

The outcome of the IMF visit will be presented by the head of the four-member team Christoph Klingen on Monday 24 October at 13.00-14.00 at a press conference in the Eesti Pank museum, where he will be joined by the Governor of Eesti Pank Ardo Hansson and finance minister Sven Sester.

The International Monetary Fund discusses relevant economic policy issues with its member countries every year. The IMF's annual mission to Estonia, known as an Article IV Consultation, is followed by an IMF report assessing Estonia's economic policies.

For further information:
Ingrid Mitt
Public Relations Office
Tel: 668 0965, 512 6843
Email: [email protected]
Press enquiries: [email protected]