Lithuania’s new president has admitted that her country could be forced to seek help from the International Monetary Fund if it fails in efforts to raise more money from foreign capital markets to prop up its teetering economy.

Dalia Grybauskaite, who became Lithuania’s first woman president when she was sworn in this month, said the finance ministry was considering “one more shot” at raising money this year after a €500m ($703m, £427m) bond issue in June.