Suchergebnisse

How can Latvia improve the quality and equity of its education system and realise long-term efficiency gains? This report covers the whole education system from early childhood education and care to tertiary education and provides an assessment of Latvia policies and practices against the best approaches in education and skills across the OECD. This international comparison brings to the fore the many strengths of Latvia education system, but also highlights the challenges it faces and provides a number of recommendations in response. This report will be of value to Latvia but also policy makers in other countries looking to raise the quality, equity and efficiency of their education systems

How can Latvia improve the quality and equity of its education system and realise long-term efficiency gains? This report covers the whole education system from early childhood education and care to tertiary education and provides an assessment of Latvia's policies and practices against the best approaches in education and skills across the OECD. This international comparison brings to the fore the many strengths of Latvia's education system, but also highlights the challenges it faces and provides a number of recommendations in response. This report will be of value to Latvia but also policy makers in other countries looking to raise the quality, equity and efficiency of their education systems.

This report provides a detailed diagnosis of the youth labour market and education system in Latvia from an international comparative perspective, and offers tailored recommendations to help improve school-to-work transitions. It also provides an opportunity for other countries to learn from the innovative measures that Latvia has taken to strengthen the skills of youth and their employment outcomes, notably through the implementation of a Youth Guarantee

Cover -- CONTENTS -- CONTEXT -- RECENT ECONOMIC DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS: PREPARING FOR THE SLOWDOWN -- A. Macro-structural Policies: Raising Productivity -- B. Fiscal Policy: Supporting Growth -- C. Macro-Financial Policies: Restoring Confidence in the Financial System and Reviving Credit Growth -- STAFF APPRAISAL -- BOX -- 1. Risk Assessment Matrix -- FIGURES -- 1. Real Sector -- 2. Fiscal Developments -- 3. Inflation -- 4. Labor Market -- 5. Balance of Payments -- 6. Inequality and Poverty -- 7. Banking Sector Developments -- 8. Credit Growth Developments -- 9. Macro-Financial Conditions -- TABLES -- 1. Selected Economic Indicators, 2015-20 -- 2. Macroeconomic Framework, 2015-24 -- 3. General Government Operations, 2015-24 -- 4. Medium-Term Balance of Payments, 2015-24 -- 5. Financial Soundness Indicators, 2014-18 -- ANNEXES -- I. External Sector Assessment -- II. External Debt Sustainability Assessment -- III. Public Sector Debt Sustainability Analysis (DSA) -- IV. Modeling the Impact of Domestic Risks to the Outlook -- V. Estimating Potential Growth -- VI. Further Investigation of Credit Constraints -- CONTENTS -- FUND RELATIONS -- STATISTICAL ISSUES.

KEY ISSUESContext: Latvia's economy continues to recover strongly as it joins the euro area. The output gap is now largely closed, and labor market conditions are tightening despite still high unemployment. The current account is close to balance, while inflation has fallen to near zero due mainly to declining energy prices. Bank balance sheets are improving but credit continues to contract. The growth of non-resident deposits (NRDs) in the banking system decelerated in 2013.Challenges: Latvia's broadly favorable medium-term outlook faces several external risks. Prolonged weakness in euro area