The Estonian Entrepreneurship Growth Strategy 2020 outlines the strategy for the Estonian economy for the next seven years, focusing on three main challenges in order to increase the wealth of Estonia: increasing productivity, stimulating entrepreneurship, and encouraging innovation. Allow me to quote some resounding statistics marking the success of some of Estonia’s efforts.
These include (1) upholding a market-determined exchange rate with an option to maintain its presence in the foreign exchange market to minimize volatility; (2) keeping a comfortable level of reserves and managing them prudently; and (3) providing access to domestic and foreign exchange liquidity through various facilities.