Posts Tagged ‘ International Monetary Fund ’

Lithuania Will Not Borrow From the IMF

October 27, 2011
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Lithuania Will Not Borrow From the IMF

Lithuania will not have to borrow from the International Monetary Fund (IMF), the prime minister and the finance minister have said, in response to an MP’s statement that Lithuania may have to address the IMF, reports ELTA. Lithuania will borrow on international markets, but not from the IMF, Prime Minister Andrius Kubilius said. “Next...

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4–5% per Year Optimal GDP Growth for Latvia

October 17, 2011
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4–5% per Year Optimal GDP Growth for Latvia

Latvia’s gross domestic product will expand at least 4 percent as the economy weathers the effect of Europe’s debt crisis, said Mark Griffiths, the International Monetary Fund’s mission chief for the Baltic country, reports Bloomberg. “The economic situation is getting better, GDP could grow 4 percent or even higher this year,” said Griffiths, at...

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Eurobonds to Repay Latvias International Borrowing

February 19, 2011
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Eurobonds to Repay Latvias International Borrowing

After the recent economic global meltdown Latvia, like so many of her European counter parts needed substantial international financial borrowing. A figure of 7.5 billion euro was promised in December 2008 from the European Commission, International Monetary Fund, World Bank, European Bank for Reconstruction and Development and a number of European Union member states....

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Baltics East Europe Credit – IMF

October 29, 2010
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Baltics East Europe Credit – IMF

European Governments in the East need to improve bank management reducing spending to stop another boom in credit indicated by the International Monetary Fund (IMF). Businesses need to survive the crisis. The IMF’s head of Emerging Europe division Bas Bakker said, “It’s important to prevent the re-emergence of credit booms.” So where do we...

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