Front Matter

IMF Country Report No. 22/252

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.

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© 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

Republic of Lithuania: Selected Issues
Author: International Monetary Fund. European Dept.