Financial Products
IFC has supported Latvia's transition to a market economy through financing and advisory services since the country became an IFC member in 1993. Since then, IFC has invested $53.5 million from its own account in five projects in the financial, hotel business, wood processing, telecom, and retail sectors.
Advisory Services
IFC completed a number of donor-funded advisory projects in Latvia to improve the investment climate, develop the leasing sector, private pension plans, and private health care and provided advisory services to newly privatized companies. More on advisory projects in Latvia.
IFC's Changing Role
IFC’s role in Latvia is changing in light of the country’s accession to the European Union and the growing availability of private financing. IFC will focus on the regions, sectors, and projects where IFC’s developmental role is crucial and for which private financing remains limited, emphasizing socially and environmentally sensitive sectors. More on IFC’s strategy in EU accession countries.
