Latvia to increase financial recovery with 2.22b USD


(MENAFN)

2 billion euros (2.22 billion U.S. dollars) were injected in the national economy over the next couple of years to support its recovery from the crisis due to the coronavirus pandemic on Monday, June 1st by Latvia's government coalition, Prime Minister Krisjanis Karins announced at a news conference following the coalition meeting.

The prime minister stated that the coalition decided at Monday's meeting on a planned investment anticipated promoting a financial recovery in the wake of the coronavirus pandemic.

Karins said that "while last week we decided on how to invest, now there is an agreement on particular categories."

The prime minister clarified that the money to be invested in the economy over the two-year period will be distributed into three equal parts and spent on benefits, infrastructure, and modernization.

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