IMF, lenders provide $10.5 billion loan to Latvia
(AP)
European Business News
AP - The International Monetary Fund says a group of international lenders has agreed to provide Latvia a financial bailout package worth $10.5 billion (euro7.5 billion euros).
Source: Yahoo! News: Business - European Economy
In my opinion. Latvia needed this loan because it did not have enough money to pay all debits which were made. This is the only explanation which I can think of.
International Level: Politics 101 / Political Participation: 3 0.3%