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. Last Updated: 07/27/2016

Swap Agents Sought

RIGA, Latvia -- The Finance Ministry has recommended Chase Manhattan and Citibank as the country's agents on swapping its London Club debt beginning this June, a top ministry official said Saturday.

"We have presented our proposals to the government on the appointment of two agents ... one for our debt swap and the other as fiscal agent, these are Citibank and Chase Manhattan," Deputy Finance Minister Sergei Kolotukhin told reporters on the sidelines of the EBRD's annual meeting.

Citibank would act as the agent on debt restructuring and Chase Manhattan would be the fiscal agent, he said.