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International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 19:08

International lenders concerned at slow pace of some reforms in Latvia

BC, Riga, 10.04.2014.Print version
Even though Latvia's growth remains strong and the country's macroeconomic situation is good, the slow pace of some important reforms lead to some concerns, the head of the European Commission and European Central Bank's post-program monitoring mission head Christian Weise said after a meeting with Prime Minister Laimdota Straujuma (Unity) today, informs LETA.

''The macroeconomic situation in Latvia is good, and we are happy that Latvia has made the first repayment in time. We are seeing development in Latvia, but would wish to see even more development in some areas,'' said Weise, adding that the mission is concerned at the slow pace of some reforms, including in higher education, insolvency process legislation, as well as in the state administration.

 

Weise emphasized that it is important for higher education programs to be accredited by an internationally recognized agency. Speaking about reform within the state administration, he said that salaries for highly qualified specialists must be raised.

 

As reported, representatives from the European Commission and the European Central Bank are on a post-program monitoring visit to Latvia through April 10.





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