IMF, Latvia reach agreement on policy package

WASHINGTON, July 27 (Reuters) - The International Monetary Fund on Monday said it reached an agreement with Latvia on a package of economic policies, which is expected to lead to the disbursement of 195 million euros under the program.

"This policy package is intended to help Latvia overcome its difficult economic situation, while ensuring debt sustainability and protecting the most vulnerable groups in society, consistent with Latvia's strategy to adopt the euro at the earliest possible date," the IMF said in a statement. (Reporting by Lesley Wroughton; Editing by Leslie Adler)