RIGA - The IMF and the World Bank have approved new funding for Latvia, making over $300 million available for the cash-strapped country.
The IMF Thursday rubber-stamped the next installment of the loan money available for Latvia, totalling $170 million, which orgnization officials say has been the world's worst affected economy by the crisis.
The World Bank, meanwhile, made $70 million available to the country, using a program through which Latvia will be able to utilize the funds for social programs.
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