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Country data
- Population:
- 2.3 million
- Area:
- 64,500 sq km
- Capital:
- Riga
- Currency:
- Lat
Key developments and challenges
Output is projected to fall by 16 per cent in 2009 with the economic contraction likely to slow next year. Stabilisation will depend largely on a revival in bank lending to the real economy and on achieving a sustainable fiscal path. The implementation of the fiscal adjustment measures will prove to be painful for the economy, but they are necessary to maintain confidence in the economy and to attract new external credit.
More developments and challengesTitle
Latvia
Key facts about the EBRD's work in Latvia
|
No. of projects |
72 |
|---|---|
|
Net business volume |
€575.2 million |
|
Total project value |
€1,916.6 million |
|
Gross disbursements |
€436.1 million |
|
Portfolio in private sector |
63% |
EBRD project 2000-09
Sector breakdown of current projects
Our strategy in Latvia
The Bank’s priorities in Latvia will focus on the enterprise and financial sectors, infrastructure and energy.
The EBRD will support the involvement of the private sector in the provision of public services, in cooperation with structural and EU Cohesion Funds. And it will promote investments to improve energy efficiency, develop renewable energy, and contribute to energy security in Latvia.
CONTACTS
Šeimyniškiu 1A
4th Floor
LT-2600 Vilnius
Lithuania
Tel: +370 52 638480
Fax:+370 52 638481
Highlights
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Flagship reports
The EBRD's principal corporate publications.
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The global financial crisis
We have responded to the crisis with decisive and extensive measures.
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Sustainability
We're committed to sustainable growth and development.
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Our strategies and policies
All our strategies, policies, procedures and related guidelines.
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Speeches and articles
Speeches and articles by EBRD Presidents and senior staff.
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How we are funded
We finance our lending and operational needs by borrowing funds.