Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Lithuania Talks to IMF

WASHINGTON -- Lithuania's Finance Minister Vytautas Dudenas held talks with the International Monetary Fund on Tuesday and discussed the measures still needed before the Baltic state can win a new IMF loan, an IMF spokeswoman said.

The IMF is waiting for the Lithuanian government to fulfill promises from the 2000 budget on the uses of privatization proceeds, on lending to the oil sector and on financing a scheme to compensate savers who lost money earlier in the reform process.

Lithuania has said it does not intend to draw on the IMF credit line, but hopes the loan will open the door to credit from other lenders.