Rinkēvičs calls on 'Altum' to evaluate the establishment of targeted lending programs for regions
President Rinkēvičs urged 'Altum' to consider creating targeted lending programs for regions with limited credit access in Latvia.
On March 9, President Rinkēvičs met with Reinis Bērziņš, the chairman of 'Altum', at the Riga Castle to discuss the organization’s performance over the past year and its various support programs. During the meeting, Rinkēvičs emphasized the need to improve lending opportunities in Latvia's regions, where access to credit remains significantly low. He urged 'Altum' to collaborate with relevant ministries to address this critical issue.
The discussions touched not only on the credit trends affecting regional areas, but also on ongoing problems related to housing accessibility aimed at strengthening demographics. Rinkēvičs pointed to the recent initiation of a new lending program focused on residential property purchases in Latvian regions, suggesting that such efforts are crucial for the socio-economic stability of these areas. The president’s advocacy for regional lending programs reflects a growing recognition of the disparities in credit access across the country.
Furthermore, the meeting involved discussions about previous talks held by Rinkēvičs with the Saeima’s Committee on Human Rights and Public Affairs, particularly concerning the Latgale subcommittee. The president's call for a targeted lending program underscores the government's commitment to addressing regional inequalities and fostering economic growth in less developed areas of Latvia, ultimately aiming to enhance the quality of life for residents in those regions.