IMF to Unveil Rescue Deal for Latvia

The details of an International Monetary Fund-led bailout deal for Latvia will be officially announced Friday, according to a spokesman for Latvian Prime Minister Ivars Godmanis. Estonia is expected to contribute to the rescue package for crisis-hit Latvia. Weekly newspaper Eesti Ekspress reported that Estonia may provide some 45 million Latvian lats (USD91.33 million) to Latvia. (“UPDATE 1-Latvia eyes IMF deal on Friday, Estonia may join” - Thomson Reuters, Dec. 18, 2008)