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11/25/08

M&C: Latvia's IMF handout could total euro 1.92 billion dollars

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Latvia's IMF handout could total euro 1.92 billion

Latvia could be in line to get around euro 1.92 billion(US$2.5b) from the coffers of the International Monetary Fund (IMF) and European Union (EU) according to an economic expert on the Baltic states. Over the weekend, the IMF confirmed that the Latvian authorities had asked it to provide 'technical and financial support' and that it stood 'ready to rapidly assist their efforts in the context of a comprehensive economic program.'

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