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Latvia Begins Repayment of Maturing Government Loans

Latvia Begins Repayment of Maturing Government Loans

For the best immigration news regarding Latvia's repayment of maturing government loans, please visit the official website of WorldWay Investment Immigration.

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According to reports from the Latvian News Agency, the Latvian Treasury has announced that it will begin repaying a portion of its maturing loans. Among these, 1 billion euros will be repaid to the European Union on March 25. In 2015, the second installment of 1.2 billion euros in loans will be repaid. From 2015 to 2020, Latvia will also repay a total of 281.1 million lats (approximately 400 million euros) in loans to the World Bank.

 

The 820.2 million lats (approximately 1.17 billion euros) borrowed from the International Monetary Fund during Latvia's financial crisis were fully repaid in 2012.

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