Financial Support Insufficient To Fend Off Recession

February 2009
Emerging Europe Monitor: Central Europe & Baltic States;Feb2009, Vol. 16 Issue 2, p11
Country Report
The article presents an economic outlook for Latvia for 2009. The country has been granted access to funds totaling �500 million by Sweden's Riksbanken and Denmark's Nationalbanken with an aim to boost short-term financial market and banking sector stability ahead of a rescue package from the International Monetary Fund (IMF) and European Union (EU). Analysts from Business Monitor International (BMI) believe that international credit markets will take time to recover.


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