Czechs Approve $2 Billion Loan to IMF for Euro Rescue, CTK Says

The Czech government approved a 1.5 billion-euro ($1.95 billion) loan to the International Monetary Fund a part of a mechanism aimed at tackling the euro area’s debt crisis, the state CTK newswire reported, citing people it didn’t name.

The Czech Republic was initially asked to provide a 3.5 billion-euro loan.

To contact the reporter on this story: Peter Laca in Prague at

To contact the editor responsible for this story: Balazs Penz at

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