Support The Moscow Times!

IMF Loan to Slovakia

WASHINGTON -- The International Monetary Fund has approved $263 million in loans for the Slovak Republic to help the country stabilize and reform its shaky economy.


Slovakia has made "important progress" in steadying its economy since becoming independent at the start of 1993 but more needs to be done, especially in the area of reducing the government budget deficit, the IMF said Friday.


Under a reform program supported by the IMF, Slovakia is aiming to restore economic growth next year and reduce inflation to 8 percent from 12 percent in 1994.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more