Region: Europe and Central Asia
Country: Latvia
Topic: Legal Framework, PPP Unit
Keywords: Legal Framework, PPP Regulation, PPP Law, PPP unit
Document Link(s):
Document Summary:
No central PPP unit; functions distributed between Ministry of Finance, Central Finance and Contracting Agency (CFCA) and PPP Association.
Document Details:
The Central Finance and Contracting Agency (CFCA) was established based on the Memorandum of Understanding on the Establishment of the CFCA signed by the European Commission and the government of the Republic of Latvia on October 21, 1997. The Memorandum of Understanding foresaw development of so-called Decentralized Implementation System (DIS) for the programmes co-financed by the European Commission.
The mission of the Central Finance and Contracting Agency is efficient, effective, safe and compliant implementation of projects co-financed by, the European Regional Development Fund and other financial instruments. The aim of the CFCA is to ensure safe, effective and transparent administration of the EU co-financed programmes.
The Public and Private Partnership Association (PPP Association) is a public organization, founded on 5 April 2002 with the aim to clarify and strengthen the public and private sector co-operation, involving entrepreneurs, foreign partners, and the public sector. The 2005 charter also raises the task to raise awareness of the social importance of PPPs.
Updated: August 16, 2021