Parliament Adopts Laws on State Loans from IMF and WB

530 million euros should be provided with the credit line for prudence and liquidity from the IMF to support the state budget. The Parliament adopted the laws for the borrowing of the country from the International Monetary Fund (IMF) with a credit line for prudence and liquidity and for borrowing with a loan from the International Bank for Reconstruction and Development – the World Bank under the Loan Agreement for financing the Project for the construction of effective, transparent and accountable institutions for managing public finances. Both laws were adopted after a shortened procedure. The purpose of the credit line is to provide effective crisis protection for those IMF member countries that have sound economic foundations, i.e. policies.