Abstract
IMF Country Report No. 22/252
Copyright Page
IMF Country Report No. 22/252
REPUBLIC OF LITHUANIA
SELECTED ISSUES
July 2022
This Selected Issues paper on the Republic of Lithuania was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on June 7, 2022.
Copies of this report are available to the public from
International Monetary Fund • Publication Services
PO Box 92780 • Washington, D.C. 20090
Telephone: (202) 623–7430 • Fax: (202) 623–7201
E-mail: publications@imf.org Web: http://www.imf.org
Price: $18.00 per printed copy
International Monetary Fund
Washington, D.C.
© 2022 International Monetary Fund
Title page
REPUBLIC OF LITHUANIA
SELECTED ISSUES
July 11, 2022
Approved by
The European Department
Prepared by Serhan Cevik (EUR) and Maksym Markevych (LEG)
Contents
CLIMATE CHANGE AND ENERGY SECURITY: A DILEMMA OR AN OPPORTUNITY?
A. Data Overview and Stylized Facts
B. Climate Change Mitigation
C. Empirical Analysis
D. Conclusion
BOX
1. Effects of Climate Change
FIGURES
1. Global Climate Change
2. International Energy Prices
3. Climate Vulnerability, CO2 Emissions, Energy Efficiency
TABLES
1. Impact of Carbon Tax in the Baltics and Beyond
2. Non-Hydrocarbon Energy, CO2 Emissions and Energy Security
3. Energy Efficiency, CO2 Emissions and Energy Security
References
REINFORCING MONEY LAUNDERING RISK MITIGATION IN LITHUANIA
A. Introduction
B. Increasing Cross-border ML/TF Threats
C. National Understanding of Non-resident ML/TF Risks
D. Enhancing Implementation of the Risk-Based Approach to AML/CFT Supervision
E. Regulation and AML/CFT Supervision of VASPs
F. AML/CFT Controls for CENTROlink
BOX
1. FATF Recommendation on Correspondent Banking
FIGURES
1. Fintechs in Lithuania
2. Gross Aggregate Cross-Border Flows
3. Gross Flows to Financial Centers
4. Outflows Outliers
5. E-Money and Payment Institutions Transactions Through CENTROlink