IMF Unlocks Next Tranche

Confirming the government's relative success in trimming the fiscal deficit and pushing forward with much-needed reforms, the IMF has agree to disburse the next tranche of the country's bailout loan on July 21. The EUR105.8mn loan forms part of the joint EU-IMF EUR7.5bn package agreed in 2008 and will help to further bolster risk sentiment towards Latvia, as well as bolstering the fairly weak support for the ruling four party coalition.

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