The first concessions law was enacted in 2000 and Latvia launched several concession and PPP projects at the sub-national level soon after. PPP specific legislation was added along with the Law on Public-Private Partnerships (2009) and the Law on Public Procurement (2006). All functions related to PPPs are distributed between the Ministry of Finance, the Central Finance and Contracting Agency (CFCA) and the Private Partnership Advisory Council (under the Ministry of Economy).
The introduction of the PPP law coincided with the global financial and economic crisis, which had an important impact on Latvia’s economy. Subsequent EU and multilateral loan programs required prudent fiscal and monetary management and reduced Latvia’s states and municipalities’ ability to enter into long term PPPs. Onwards 2015, the country has had limited PPP experience at the national level.
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