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Latvia likely to win 1.2 billion euro loan payment

Jul 02, 2009
TBT staff

RIGA - The European Commission (EC) plans to approve a second loan installment for Latvia totaling 1.2 billion euros as part of an international bailout package agreed in December The next tranche of funds from international donors is expected to total 1.4 billion euros, with an additional 0.2 billion from the International Monetary Fund (IMF) still to come. EC Representation in Latvia head Iveta Sulca said the European Union remained committed to helping Latvia overcome its economic and socia ...

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