IMF sees framework for 'smooth' Lithuanian repeg

The International Monetary Fund (IMF) said on Feb 27, 2001 Lithuania had created conditions for a smooth repeg of the litas currency to the euro from the dollar in 2002 and saw prospects for improved economic growth in 2001.

"We think their budgetary issues are realistic and we think that the framework is in place for a smooth repegging," Mark Horton, the IMF's resident representative in Lithuania, told reporters after a meeting with Lithuanian President Valdas Adamkus. "I think that there's a

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