Wed, 12 Oct 2011: IMF positive on Latvia’s outlook…

The government was forced to turn to a group led by the European Commission and the IMF for a 7.5 billion euro loan package in 2008 after the second-biggest bank, Parex, needed a state rescue. T...

Thu, 21 Apr 2011: Latvia meets lenders’ demands…

Gabriele Giudice, the EC’s mission chief to Latvia, said at the same news conference that a decision may be made in June on freeing up the funds, which will come from about 600 million euros...

Thu, 9 Sep 2010: Fitch boosts Latvia’s rating…

Prime Minister Valdis Dombrovskis’ government implemented tax increases, spending and wage cuts equal to 10 percent of GDP to keep the budget deficit at 9 percent of GDP and meet the terms o...

Thu, 29 Apr 2010: Greece told to copy Baltics…

All three had their ratings outlooks raised last month at Moody’s Investors Service. Greece has turned to its fellow EU members and the IMF for help through the activation of a 45 billion-...

Wed, 10 Mar 2010: High praise for Dombrovskis’ crisis leadership…

The former central bank economist implemented an austerity program demanded by a group led by the European Commission and the International Monetary Fund, which stepped in with a 7.5 billion euro ...

Wed, 10 Feb 2010: Tough decisions finally showing positive results…

Latvia’s interbank lending rates have dropped and credit-default swaps are down. Latvia was forced to turn to a group of international lenders, led by the European Commission and the IMF,...

Thu, 28 Jan 2010: Parex searches for appropriate buyer…

Parex, whose failure in 2008 triggered the Latvian government’s need to turn to an IMF-led group to obtain international lending support through a 7.5 billion euro loan package, “may...

Thu, 17 Dec 2009: Slide halted but rebound not yet clear…

The Latvian economy is the worst performing in the European Union as consumer spending has slowed along with manufacturing activity. The country, which had the fastest-growing economy in the EU...

Thu, 27 Aug 2009: Long road ahead for Latvia’s recovery…

Europe head of portfolio management Andrew Bosomworth, reports news agency bbn.ee. "The international community has signed, sealed and disbursed some of the loans to Latvia so the immediate risks...
?php get_sidebar(); ?>