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Stability condition for IMF talks -- PM

  • 2009-03-26
  • From BNS wire reports
RIGA - Latvian Prime Minister Valdis Dombrovskis has said that the International Monetary Fund and the European Commission will discontinue talks with Latvia if the country is not able to display political stability.

"If there is political instability, IMF and EC will stop talks withLatvia. It is a serious problem," he said.

The prime minister met with representatives of the regional press onMarch 26 and underscored that for the new government to be able to implementthe urgent tasks for ensuring solvency of the state, political stabilityand public support are essential. The previous government fell because itwas not able to implement unpopular decisions, he said.

Dombrovskis said the change of the government has delayed talkswith international lenders.

Latvia asked for international financial support because after severalyears of steep economic growth the Baltic state has now entered a phase ofsharp economic downturn that has been exacerbated by the effects of the globalfinancial and economic crisis.