President of Latvia and Governor of Bank of Latvia: we must use this crisis to promote sustainability and solidarity among people

Today, President of Latvia Egils Levits met with the Governor of the Bank of Latvia Mārtiņš Kazāks in the Riga Castle to discuss the impact of Coronavirus pandemic on Central Bank’s economic forecast and government Covid-19 exit and recovery strategy.

Governor Kazāks presented Central Bank’s assessment of current economic and fiscal trends in Latvia, Europe and the world to President Levits and underlined that Latvian government has made the right steps to mitigate the crisis. President and Governor agreed that Latvia must use Covid-19 lessons to enhance its sustainability, promote solidarity among people and invest more in education and reskilling of workforce.

Mārtiņš Kazāks also shared his views on the proposed merging of Financial and Capital Markets Commission and the Central Bank, which is currently being debated in the parliament.