Skip to Main Navigation

Enterprise & Financial Sector Restructuring Project

Abstract*

The objective of the Enterprise and Financial Sector Restructuring Project is to support the Latvian government's reforms in the enterprise and financial sectors, focussing particularly on privatization and bank restructuring. These reforms will pave the way for improved intermediation through the banking sector. The credit component of the loan will act as an incentive to the development of intermediation at the medium- and long-term end of the maturity...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

Show More

Development Objective

STRENGTHEN THE FINANCIAL & ENTERPRISE SECTORS. FUNDS WILL BE CHANNELED TO PRIVATIZED OR PRIVATIZING ENTERPRISES UNDER AN INVESTMENT COMPONENT A TA COMPONENT WILL PROVIDE ASSIST. IN PRIVAT., REGULATION & DEVELOP. OF SECURITIES MARKETS & OTHER FIN. INTERMED. & BANK RESTRUCT. A FIN. INFRASTR. INVEST. COMPONENT WILL HELP IMPROVE THE PAYMENTS SYSTEMS.

Key Details

Project Details

  • P008529

  • Closed

  • Alexander E. Fleming

  • N/A

  • Latvia

  • October 31, 1994

  • (as of board presentation)

    September 20, 1994

  • January 6, 1995

  • US$ 35.00 million

  • B

  • Not Applicable

  • June 30, 1999

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 35.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 35.00
IDA Commitment N/A
IBRD + IDA Commitment 35.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 35.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Sep 20, 1994 IBRD-37960 Loan Commitment 10,000,000.00
Sep 20, 1994 IBRD-37950 Loan Commitment 20,000,000.00
Sep 20, 1994 IBRD-37961 Loan Commitment 5,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 07-13-2000PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingHighly Satisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceHighly SatisfactoryN/a
Borrower PerformanceSatisfactoryN/a
Government PerformanceHighly SatisfactoryN/a
Implementing AgencySatisfactoryN/a
Icr QualityExemplaryN/a
M&e QualityNot RatedN/a

Results Framework

No data available.