Portrait of an Ascending Sovereign Credit slide image

Portrait of an Ascending Sovereign Credit

Investment Highlights The strong banking sector, flexible and resilient economy, the Governments ability to the swift reaction in emergency situations leads to the ability to react and overcome external shocks. Latvia previously has showed a strong ability to recover from the crisis and the Governments swift actions and decisions taken during the Covid-19 crisis will, as experts have expressed, lead to recovery in 2021. 35 Flexible and Resilient Economy →government swift actions to stablise the economy Sustainable Debt Levels and Prudent Fiscal Management → Investor attractiveness Belongs to the Core of Europe → EZ membership → Member of all the important international organizations Resilient towards external shocks → Proven track record in overcoming economic crisis in the past Predictable public policies and outstanding track record of successful structural reforms Banks Well Capitalised, Profitable and Liquid → Predominately foreign owned, resident- serving banking sector →Comprehensive financial sector reforms Stable Credit Ratings Investors confidence boosted by institutional, fiscal and macroeconomic strength Diversified Export → Strong ICT and business services export growth in 2019 →continued growth in wood and wood products in 2019.
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