Estonia – Page 2

Going Broke? Why Pension Reforms Are Needed in Emerging Economies

IMFBlog2017-04-15T14:10:36-04:00April 6, 2012|

Many emerging economies will need to expand their pension systems to reduce poverty among the elderly. Well designed reforms can help countries meet this objective without going broke.

Toughing It Out: How the Baltics Defied Predictions

IMFBlog2017-04-15T14:30:14-04:00January 7, 2011|

The three Baltic states—Estonia, Latvia and Lithuania—were among the first victims of the global financial crisis. Although adjustment is still far from complete, a recovery is now underway. It is still too early to judge the success of the Baltic strategy, but it's fair to say that the most dire predictions have not come true.

Crisis Lessons to Remember for Europe’s Policymakers

IMFBlog2017-04-15T14:40:22-04:00February 24, 2010|

IMF European Department Director Marek Belka, a former Polish premier, draws lessons from the global economic crisis for reformers in eastern Europe.

Reigniting Growth in Emerging Europe

IMFBlog2017-04-15T14:40:37-04:00February 10, 2010|

Following the global economic crisis, Europe's emerging economies will need to find new sources of growth to increase their share of world markets. Marek Belka, head of the IMF's European Department, says growth will need to come from manufacturing and services, rather than, in the past, construction, real estate, and banking. But he argues that Emerging Europe has transformed itself many times before and is quite capable of doing it again.