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This country note from Going for Growth 2015 for Latvia identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
In 2013, Latvia’s net ODA amounted to USD 24 million, representing an increase of 12% in real terms over 2012. The ratio of ODA as a share of GNI also rose, from 0.07% to 0.08%. Multilateral ODA accounted for 94% of Latvia’s total ODA in 2013.
In 2012, official statistics for outflows from Latvia totalled 25 200 while inflows were 12 300.
This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It also includes a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).
OECD Secretary-General Angel Gurría today welcomed the passage into law of Latvia's “Public Persons Enterprises and Capital Shares Governance Law”.
The decision of the OECD Council in 2013 to invite Latvia to begin the process of joining the Organisation is a strong statement by OECD countries. It shows their confidence in the strategic directions, achievements and capabilities of the Latvian government. It is a message which will be translated into more and better investments in Latvia; more and better jobs for Latvians; said OECD Secretary-General.
The international community continues making progress toward greater cooperation to ensure effective information exchange in tax matters. The Global Forum on Transparency and Exchange of Information for Tax Purposes issued today 12 new reports that highlight action being taken by jurisdictions to implement the international standard for exchange of information on request.
Latvia has taken an important step on the road to OECD membership by completing the process to become a member of the OECD Anti-Bribery Convention. Latvia will become the 41st Party to the OECD Anti-Bribery Convention on 30 May 2014.
Latvia has taken an important first step in accession discussions with the OECD by delivering an Initial Memorandum
This publication compiles the material developed and discussed at a conference on the economic impact of emigration jointly organised by the OECD and the Latvian Ministry of Foreign Affairs on 17 December 2012.