IBRD Loan: €200 million
Terms: Maturity = 10 years; Grace Period = 5 years
Project ID: P115709
Project Description: The Financial Sector Development Policy Loan (DPL) Program for Latvia is to ensure long term financial stability. This loan will support crisis management measures and structural reforms to stabilize the financial sector and increase its resilience to future shocks. The Bank is also preparing a social sector DPL that will aim to minimize the social impact of the crisis by ensuring that safeguards are in place to maintain critical social services in the midst of the economic contraction and fiscal adjustment.