The European Bank for Reconstruction and Development (EBRD) has adopted a new country strategy for Latvia which will direct the Bank’s operations in the country over the next four years.
The document identifies the following strategic orientations:
The EBRD has been investing in Latvia since the country regained its independence in 1991. To date, the Bank has invested €640 million in 74 projects in all sectors of the country’s economy with a special focus on support for small and medium-sized enterprises, strengthening the private sector and promoting energy efficiency and renewable energy.
Latvia became a member of the European Union in 2004 and is one of the most advanced countries where the EBRD invests. However, longer-term challenges remain. The EBRD continues to be well-placed to play a role in overcoming these gaps through its investments and policy dialogue.
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