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Showing posts with label IMF would back Latvia devaluation. Show all posts
Showing posts with label IMF would back Latvia devaluation. Show all posts

IMF would back Latvia devaluation

The International Monetary Fund (IMF) would back a devaluation in Latvia, but the government, central bank and European Commission are against, the prime minister was quoted on Thursday as saying. It was the first clear statement by a policy maker about a differing stance between the IMF and Latvia and its other lenders over the currency, though the Fund has warned that keeping the currency peg during a sharp downturn would be tough.

Saturday, March 28, 2009

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