Overview

Latvia’s reform process is likely to continue. The authorities have signaled their determination to continue to implement cautious macroeconomic policies that will support continued investments in infrastructure, education and training, seen as key elements of an ambitious competitiveness agenda. Further business regulatory reforms are planned as well, as part of Latvia’s program to implement the “Europe 2020” strategy.

The objectives include, among others, the reduction of administrative barriers and the strengthening of access to finance as well as support for access to external markets and encouragement of greater inflows of foreign direct investment to export-oriented sectors. These reforms should enable Latvia to fully overcome the economic effects of the financial crisis and allow it to continue on its path toward successful long-term development.