The government also hopes to receive a $50 million, World Bank structural-adjustment loan in June.
The IMF-World Bank proposal, signed Sunday, would merge three banks -- Innovation, Litimpeks and Vakaru -- and liquidate Aura Bankas. The closure of Innovation and Litimpeks in December stunned Lithuania. The government has estimated the cost of the World Bank plan at about 1.3 billion litas ($325 million).
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