Estonia makes promises in additional memo to IMF

The government and the Bank of Estonia pledge in an additional economic policy memorandum to the International Monetary Fund signed in November to use all extra income to establish a fiscal surplus in 2001.

Among other things, the government and the central bank promise that if the money lost in the banking crisis of 1998 is partly recovered it will not be used to balance the budget, considering the one-shot nature of this income; that the government budget's deficit will not surpass 1.25 bil