From today until 14 May a delegation from the International Monetary Fund, the IMF, will be visiting Estonia virtually to discuss the state of the country’s economy, the resolution of the Covid-19 crisis and the economic policy steps taken because of it with representatives of the government and private businesses. The visit is part of the IMF’s annual consultation with Estonia.

The discussions in the meetings this time will focus on the socio-economic impact of the coronavirus crisis and ways of easing it to reduce the risk of long-term damage to the economy. Assessments of the recovery of the economy will focus on economic policy steps that have already been taken and that are planned. Fiscal policy issues that will be discussed are the state support measures. Members of the mission will be given a review of structural policy and how it will support economic growth, taking into account the goals of the digital and green transition in the Estonian economy.

During its visit the IMF delegation will be given an overview of the state of the financial sector and its outlook. It will also hear about changes in anti-money laundering policy and organisation in Estonia.

The IMF delegation will meet the government and members of the Riigikogu, and leaders and analysts from Eesti Pank, Finantsinspektsioon and various ministries. There will also be meetings with other officials and representatives of commercial banks, professional associations and private companies.

The head of the IMF delegation, Cheikh Anta Gueye, will publish a summary of the visit. Eesti Pank will publish a press release on this on Monday 17 May. There will be no press conference.

The International Monetary Fund discusses relevant economic policy issues with its member countries once a year. The consultation is followed by a report of the IMF’s economic policy assessment for Estonia.

Additional information:
Ingrid Schmuul
Communications Specialist
Eesti Pank
Tel: 668 0965, 5697 9146
Press enquiries: [email protected]