Latvia: Seeking Support from the IMF

Latvia reportedly wants to work with the European Commission and the International Monetary Fund (IMF) to set up a stabilization package in case the economic situation in the country gets worse. The rumors that Riga is considering funding, or at least a standby agreement, with the IMF will do nothing to instill confidence in its Baltic neighbors. The rumors do, however, highlight the growing importance of getting a good place in line to ask the IMF for assistance.