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IMF is positive about Lithuania\'s goal to adopt euro in 2015

Feb 12, 2013

VILNIUS - Prime Minister Algirdas Butkevicius says that the International Monetary Fund (IMF) mission that has been recently visiting Lithuania welcomed the Government's goal to adopt the euro in 2015.

"Yes, we have talked about it and they were positive about our goal. They think that 2015 would be appropriate year for Lithuania to adopt the euro," said the PM in an interview on the national radio.

Representatives of IMF met with Butkevicius on Monday.

According to the head of the government, the IMF experts said that inflation may trip up the euro adoption. However, Lithuania may control inflation if it sticks to strict fiscal policy and through administrative management.

"It means that we will use and apply all these measures, and we believe that inflation in 2013 should be lower than it was in 2012. During the formation of draft budget for 2014 we will carefully consider various tax proposals. We will also examine the impact of funds from a new European Union multiannual financial perspective," said PM.

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