- Financial Supervision of Local Governments
- Financial Market Policy
- Internal audit
- Accounting Policy
- Fiscal Policy
- Prevention of Money Laundering
- International financial cooperation
- State aid
- EU Funds and other foreign assistance
- Public-private partnership in Latvia
On 13th of March, The Ministries of Finance of Estonia, Latvia and Lithuania commenced a joint public consultation on the Interim Report of Introduction of Pan-Baltic Covered Bond Legal and Regulatory framework (The Interim Report). The Interim Report, prepared in cooperation within the European Bank for Reconstruction and Development (EBRD), reflects views of experts of the Ministries of Finance of Estonia, Latvia and Lithuania.
In light of the stipulation of the Governmental Action Plan to take immediate measures for strengthening the ability of Latvia to combat money laundering and financing of terrorism, as well as to enhance the regulation for liquidation of the credit institutions, the Ministry of Finance (MoF) will propose the amendments to the Law On the Financial and Capital Market Commission (FCMC) and the Credit Institutions Law. Draft laws providing for significant change in the supervisory authorities of the financial sector are expected to be passed for review to the government within the nearest future.
On March 7, the Minister for Finance Jānis Reirs met with the Vice-President of the European Investment Bank Alexander Stubb and discussed the topicalities of cooperation between Latvia and the EIB, including the EIB funding for the projects in Latvia, progress of the InvestEU proposal and the impact of Brexit on the EIB.
On Monday, February 4, Japanese credit rating agency R&I reaffirmed its “A-” foreign currency issuer rating on the Republic of Latvia. The outlook remains stable.
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