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International Internet Magazine. Baltic States news & analytics Saturday, 16.01.2021, 14:26

CEB grants Latvia EUR 150 mln to bolster Covid-19 response

BC, Riga, 12.05.2020.Print version
he Council of Europe Development Bank (CEB) on Tuesday approved a EUR 150 million loan to Latvia to support the government’s measures to contain the outbreak of Covid-19, LETA learned from the bank.

CEB funding will ease the budgetary pressure on the public health care sector, the bank said. 

The loan from the CEB will focus on the support of different measures in the area of health care, including medical personnel involved in prevention and treatment of Covid-19, as well as other persons working in high-risk environments, supporting vulnerable groups, families with children and ensuring continuity of essential services in the country.

Latvia joined the CEB in September 1998. Ongoing projects financed by the Bank concern higher education and social housing developments. 

CEB, established in 1956, contributes to the implementation of socially oriented investment projects through three sectoral lines of action - inclusive growth, support to vulnerable groups and environmental sustainability.

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