Priorities
The Bank will support the upgrade of state-owned transport and municipal infrastructure, particularly in regional cities and towns, while actively promoting energy efficiency and the use of alternative energy sources.
Priority areas will be transport and municipal infrastructure. The Bank will encourage private sector participation, particularly relating to large, complex or sensitive projects.
The Bank will continue to work with selected financial intermediaries on providing long-term equity and debt funding primarily to small and medium-sized enterprises (SMEs), with the aim of fostering regional development.
Where appropriate, the Bank will seek to strengthen banks’ corporate governance and business practices.
The Bank’s activities will focus on providing primarily equity investments in companies that require extensive restructuring or corporate governance support, environmental investments or cross-border investments.
Cross-border investments are envisaged in the manufacturing sector, wood processing or retail and distribution and where expanding enterprises seek the Bank’s ability to share CIS country risk, provide long-term funding and to strengthen corporate governance in new markets. The Bank will also support the privatisation, where appropriate, of remaining partially state-owned enterprises in sectors including telecommunications and district heating.
It is anticipated that in the coming years the EBRD will move from generating new business in Latvia to working with Latvian companies to invest in other EBRD countries further east.
