EBRD should be Latvia’s ally in development of sustainable economy also in future – Reirs

RIGA – The European Bank of Reconstruction and Development also in the future should be Latvia’s ally in development of sustainable economy, said Finance Minister Janis Reirs (New Unity).

The Finance Ministry informed LETA that Reirs during the meeting of the EBRD board and governors met with EBRD president Suma Chakrabarti.

During the meeting the minister presented the priorities of the Latvian government and underscored the bank’s potential to cooperate in implementation of these priorities. He affirmed readiness of the government to ensure the necesary support in strengthening cooperation.

“So far EBRD has been a reliable partner to Latvia, and it is important that also in the future it is Latvia’s ally in development of sustainable economy. I see cooperation potential in such areas as energy efficiency and energy security, infrastructure and transborder projects, capital market development, enhancing competitiveness and export capacity of Latvian companies,” the Latvian minister said.

The EBRD mission is to develop open and sustainable market economies in countries committed to, and applying, democratic principles. The EBRD serves the interests of all its shareholders - 67 countries from five continents plus the European Union and the European Investment Bank. The EBRD has been investing in the Baltic states since they regained their independence in 1991.