Latvia Aims to Attract Billions in Investments by 2025: Plans for International Financial Support and Expansion of Capital Market

It is planned to reach the amount of such attracted investments by the end of December 2025.

It is expected that the use of financial instruments offered by international financial institutions (European Investment Bank Group, European Bank for Reconstruction and Development, Nordic Investment Bank, Council of Europe Development Bank, International Finance Corporation, Multilateral Investment Guarantee Agency) will increase during this time.

Thus, it is planned to expand the possibilities of attracting capital for the financing of goals important to the society and solving market imperfections, primarily for the implementation of energy efficiency and housing policies, for the development of the capital market, for strengthening the export capacity and for expanding investments in developing countries.

Also, the task set by the FM envisages providing a portfolio of state support programs of financial instruments for solving market imperfections.

The draft of the government’s action plan envisages providing a portfolio of state support programs for solving financial instrument market imperfections in the amount of 1.144 billion euros by the end of 2024, in the amount of 1.27 billion euros by the end of 2025, and in the amount of 1.37 billion euros by the end of 2026. amount.

The Ministry of Economy, the Ministry of Agriculture and the “Development Finance Institution “Altum”” are indicated as co-responsible institutions for this purpose.

The FM also set a goal to approve the list of state capital companies that should be partially listed on the stock exchange. With the aim of increasing the capacity of renewable energy resources and the export of electricity, it is planned to prepare documents for the attraction of external financing for SIA “Latvijas vēja parki”, including listing on the stock exchange.

By the end of 2024, the Ministry of Finance has set a goal to create a fund for the initial public offering of small and medium-sized enterprises and to start its operation, which provides Latvian small and medium-sized enterprises with competitive conditions for participation in the publicly created fund.

2024-01-12 12:49:00
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