Latvia looks to IMF and EU for support

Riga on Thursday said that it would seek aid from the European Union (EU) and International Monetary Fund (IMF) in a bid to stave off a financial meltdown.

Ivars Godmanis, Latvia's prime minister, briefed reporters on the government' s decision on Thursday. Godmanis said that talks with EU Commission and IMF officials would determine how much the country needed to borrow.

The Baltic state contracted by 4% in the three months to September, a marked contrast with the buoyant performance of the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: