Subseries consists of the country files maintained by the EU2 Immediate Office on Latvia since its establishment in 1992. Records reflect all aspects of the Department's functions and activities, in particular advising on economic, financial and political developments; conducting consultation missions and negotiations involving the use of Fund's resources; review of performance under financial programs; and coordinating technical assistance efforts in Latvia. Files reveal the work between the European Department 2, its Divisions, and the Functional Departments, and provide valuable information on the IMF's activities and approaches in Latvia.
Records consist of memoranda exchanged between the EU2 Director and the Managing Director, Deputy Managing Director, Members of the Executive Board, Department Heads, Advisors and Senior Advisors, and Division Chiefs; correspondence exchanged within the Department, with IMF Resident Representatives, and with other technical assistance experts assigned to Latvia (Advisor in Tax Administration and Resident Statistical Advisor for the Baltics); external memoranda, letters, faxes and cables exchanged with country officials, Central and Reserve Banks, Embassies, and other regional and international organizations; draft and final Executive Board Documents; Back-to-Office Reports for visits to countries; minutes of meetings; reports; country background notes, briefing papers; comments on drafts and final papers prepared by EU2 or in collaboration with other departments; comments on documents prepared by other Departments, academic institutions, and other organizations. Files also contain few documents issued by International Organizations such as the United Nations, European Bank for Reconstruction and Development, European Commission and the World Bank; newspapers clippings, press releases, bulletins, appointments of country officials and governors of the IMF, speeches, statements, and printed materials. Additionally, the files contain internal and external reports provided by the member countries and the Fund’s Resident Representatives, such as recent economic and political developments, policies and prospects in the country; decrees and legislations; and countries economic, financial, and fiscal data.
Predominant are issues related to membership admission; Pre-Membership Economic Review, the determination & review of country quotas; country monetary policy and new currencies; country exchange rate regime; technical assistance provided by the IMF through staff missions or assignment of experts; the Consultation missions and discussions held under Article IV of the IMF's Articles of Agreement; and the use of resources under the IMF Facilities, Accounts, and Arrangements (Stand-By Arrangement, Systemic Transformation Facility and Contingent Credit Line). Also, topics related to the Ruble Area, Technical Assistance, Central Bank modernization, Bank/Fund Collaboration and the failure of Banka Baltija are present in the records.
