>>
Home / Knowledge / News / Textiles / World Bank welcomes Latvia's agreement with IMF

World Bank welcomes Latvia's agreement with IMF

25
Dec '08
The World Bank welcomes the agreement reached between Latvia and the International Monetary Fund on a policy package to address economic and financial vulnerabilities in the wake of the global economic crisis.

As part of this €7.5 billion package (US$10.5 billion) supported by the European Union (EU), International Monetary Fund (IMF), and a number of multilateral and bilateral donors, the World Bank is ready to contribute up to €400 million (about $550 million equivalent), subject to agreement on a strong program of reforms in the financial sector and social sectors.

“This is a fragile period,” said Shigeo Katsu, Vice President for Europe and Central Asia, World Bank, “so we must do everything we can to prevent the financial crisis from becoming a human crisis. As part of the international effort, the World Bank stands ready to do its part to provide financing and help tackle long-term structural problems.”

“We are ready to assist the Latvian authorities in their request for an International Financial Package to support the country during the financial crisis,” said Orsalia Kalantzopoulos, Director for Central Europe and the Baltic Countries, World Bank. “Our proposed support would focus on the financial system and social sectors – including health and education – as well as public sector reform.”

Latvia joined the World Bank in August 1992. Since then, the Bank has played an important role in supporting Latvia's transition through lending, policy dialogue, and analytical and advisory assistance. Following graduation in 2007, Bank assistance to Latvia has concentrated on demand-driven analytical and advisory services, including in public finance management, establishing a framework for Latvia's participation in international emissions trading, support to PPP projects, and technical assistance on regional development of rural areas.

World Bank


Must ReadView All

Pic: Shutterstock

Textiles | On 25th May 2022

New York senate passes bill to ban harmful PFAS in apparel

The New York State senate recently passed a bill that prohibits the...

Pic: craig hastings | Dreamstime.com

Textiles | On 25th May 2022

German GDP rises by 0.2% in Q1 2022 over Q4 2021: Destatis

Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...

Pic: Shutterstock

Textiles | On 25th May 2022

Businessmen in Bangladesh urge govt not to hike gas, power prices

Bangladesh businessmen have called for not raising gas and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Dr Anton Firth & Dr Aida Rafat,

Dr Anton Firth & Dr Aida Rafat

Founded in 2020 in London, DyeRecycle develops an innovative dyeing fibres ...

Ankur Bhatia,

Ankur Bhatia

Columbia Sportswear Company connects active people with their passions...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Tonny De Beer, PFNonwovens

Tonny De Beer
PFNonwovens

PFNonwovens (PFN) was established in 2018 by the combination of two...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Gauri Verma, Label - The Jodi Life

Gauri Verma
Label - The Jodi Life

THE JODI LIFE is an Indian fashion label that creates ready-to-wear for...

Francesca Palumbo, Label - Francesca Palumbo

Francesca Palumbo
Label - Francesca Palumbo

Francesca Palumbo creates intricate and detailed knitwear that follows the ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Weitmann & Konrad GmbH & Co. KG
Gokaldas Exports Limited
BIMBA ;& LOLA SL
IDH – The Sustainable Trade Initiative
The LYCRA Company Singapore  Pte. Ltd
Chico’ FAS
DuPont de Nemours, Inc.,
Page Industries Limited (Bangalore)
TESCO INTERNATIONAL SOURCING LIMITED
CGS Inc.
FESPA (Reigate)
Helly Hansen Far East Ltd
Mesdan SPA
Groz-Beckert East Asia LLP
APLF Limited
Jindal Worldwide Limited
Walmart
GERBER TECHNOLOGY LTD.
Newtech Textile Technology Development (Shanghai) Company Limited
Varner AS Retail
Thai Trade Center
Eastman Chemical Company
TÜYAP IHTISAS FUARLARI A.S.
Seasalt Limited
G-Star Raw C.V.
Color Service s.r.l.
Etam Group Strategy Hong Kong Limited
Decathlon
Gatsby Africa
BIANCA
Vianney Textil Hogar S.A. De C.V.
Italian Trade Commission
DyStar India Pvt. Ltd
The LYCRA Company Singapore  Pte. Ltd
IFF Media Ag - International Media Services
Gloria Jeans
Esprit Europe Services GmbH
Truetzschler India Private Limited
T.T. Limited
Tory Burch Hong Kong Ltd
Zünd Systemtechnik AG
Chori Company Limited
Lenzing Aktiengesellschaft
Alison Hayes Romania
Thermore (Far East) Ltd.
Recron Polyester from Reliance Industries Limited
FULGAR SpA
IKEA of Sweden AB
Desigual - ABASIC, S.A.
Taiwan Textile Federation (TTF)
Lululemon Athletica Inc
SHAHI Exports Pvt Ltd
OVS Hong Kong Sourcing Ltd.
Restoque S.A.
Karl Mayer Textilmaschinenfabrik GmbH
Vardhman Textile Ltd
Pt. Peraga Nusantara Jaya Sakti
Lectra Technologies India Pvt Ltd.
Stahl Holdings B.V.,
Indofil Industries Limited - Specialty & Performance Chemicals Division
ZAITEX spa
JES MEDIA, INC
Centric Software
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
N9 World Technologies Private Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Aleph Srl
Eurofins BLC Leather Technology Centre Ltd
Bluesign Technologies Ag
Babyshop
EPCH
Aquarelle Clothing Limited
Green Fibre
G.A.S. unternehmenskommunikation gmbh
Rayonese Textile Inc., Division de Culp Inc.
MAS Active / MAS Kreeda / MAS Bodyline
SYNERGIES HONG KONG LIMITED
EUROVET ASIA LTD
TESTEX AG, Swiss Textile Testing Institute
K AND D ITMACH EXPOSITIONS LLP
Sportswear Company Spa
Midas Clothing Limited
Flainox S.r.l.
VNU Exhibitions Asia
Groz-Beckert KG
Permoda(Koaj/Armi/Pronto/Bkul)
Rosset ;& Cia Limited
Guess Europe Sagl,
H. Stoll AG & Company KG
Benetton Group
Loris Bellini S.r.l.
International Textile Manufacturers Federation
Kern – Liebers Textile
KIABI
Shanghai  Aige Exhibition Service Co., Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Xtema - Thomas Lebherz Textilmaschinen
Brandix Lanka Limited
GIOVANNI BOZZETTO S.p.A.
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
NITI Aayog
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
X-Rite Asia Pacific Limited (HK)
Abit
Nandan Denim Limited
Palexpo SA
Brückner Trockentechnik GmbH & Co. KG
Performance Days
Applied DNA Sciences Inc
Lifestyle
Amazon China
C;&A Sourcing International Ltd
Lisa S.P.A.
GHCL LIMITED
Phong Phu international JSC (PPJ)
Itema Weaving (India) Private Limited
Indo Tex
Bluestem Global Sourcing Limited
USTER
Lacoste (Wanchai)
Kornit Digital Asia Pacific Ltd
John Varvatos
Recron Polyester from Reliance Industries Limited
J ;& P Coats
BRINKMANN GMBH
Hirdaramani International Export Private Limited
Messe Duesseldorf
Grasim Industries Limited
IIGM Private Limited
Nihalani Events Management
Target Corporation (MN)
Dow Silicones Corporation
The Top Form Brassiere Manufacturing Company Limited
Infor (Hong Kong) Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
International Sourcing Expo Australia
Mayer & Cie. GmbH & Co. KG
Splash
THE BOMBAY DYEING ;& MFG.CO. LTD
Alix Partners
KAS Direct Sourcing
Tuyap Tum Fuarcilik Yapim A.S.
Tchibo GmbH
Comasia Limited
Puma
Lenzing Aktiengesellschaft - India
Datacolor AG Europe
Rieter India Private Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Cat Tuong Real Estate Group Joint Stock Company
Gap International Sourcing Limited
Coats Digital Limited
Lottmann Communications
PVH Corporation
NV Michel Van de Wiele
CSGIA(China Screen Printing & Graphic Imaging Association)
BTC Textiles LLC
Aramark Uniform ;& Career Apparel, LLC
UBM China (Shanghai)
Boardriders Asia Sourcing Limited
Colours India Inc
EMBEE CORPORATION
Saurer Textile Solutions Pvt. Ltd.
Officina Meccanica Dora Enrico Srl
Sportmaster Ltd.
Haelixa AG
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
ITMA Services Pte Ltd
Shima Seiki Mfg. Ltd.
Arvind Limited
Messe Frankfurt Exhibition GmbH
Woolmark Services India Pvt. Ltd.
Copenhagen Fashion Summit
Maceton Limited
COTTON COUNCIL INTERNATIONAL
Hela Clothing Pvt Ltd
Tradewind International Servicing
Landmark Group
BTSR International S.P.A.
Tommy Hilfiger
Inter Expo Center Ltd.
Calvin Klein
China World International Exhibition Company Limited
Meera Dyestuff Industries
Zydex Industries
Savio Macchine Tessili S.P.A.
Under Armour Global Sourcing Ltd
Marzoli Machines Textile s.r.l.
LC Waikiki
Reiter India Private Limited
Sainsbury's Argos Asia Limited
Istanbul Fuarcilik A.S.
Asos
Equinox Impex India
Huntsman (Singapore) Pte Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Datatex Consulting Srl

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search