Finance Minister Repse said that lenders are still not confident in Latvia
According to Repse, the international donors still do not believe that Latvia "is
able to rein in the budget deficit, which is getting worse as the economic
situation declines."
There is also little confidence that Latviawill be able to reduce the budget deficit in the next few years.
The government and the IMF are currently putting the finishing touches on a
letter of intent, whose conditions will be similar to those described in the
memorandum signed with the European Commission. "However, we can say whether
there are any innovative provisions in it only after the talks are over," said
the Finance Minister
"The work on the letter of intent continues," said Repse.
As reported by LETA, an IMF technical assistance mission continues visit to Latviathis week, and it will be clear after the visit is over whether Latviawill receive the next installment of the IMF loan.
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