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Latvia gets IMF backup credit

Dec 16, 1999
By Blake Lambert

RIGA - The International Monetary Fund on Dec. 10 approved a $45 million line of credit to support the Latvian government's economic program for the year 2000.The IMF applauded the government for its return to prudent fiscal policies, and its plans to make further economic reforms in a prepared statement.The Latvian government said it does not plan to use the money, except in case of an emergency, but it was very satisfied with the IMF's decision."The IMF has evaluated the budget laws for the ye ...

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