STRATEGY, FINANCING AND CONTROL OF RURAL DEVELOPMENT PROJECTS

Ingrīda Jakušonoka

STRATEGY, FINANCING AND CONTROL OF RURAL DEVELOPMENT PROJECTS

To achieve the objectives set out in National Rural Development Strategy Plan, conditions and activities consistent with utilization of Community’s and Latvia’s financial resources will be laid down in Latvia’s Rural Development Program – single for the whole count-ry. Under the Rural development Programme priority will be given to the projects which will to higher degree promote the attainment of the objectives of the strategy.
From 2007 to 2013 about EUR 900 million of EU funding will be available for Latvia for agriculture and rural development ac-tivities. A program for securing agriculture and rural development loans for 2007-2013 will be one of the tools that will ensure su-ccessful uptaking appropriations of the European Union Funds for rural development for the next programming period. The Rural Support Service controls the effective use of financial resources and monitors risk factors under the contracts concluded in complian-ce with the EU Regulations. The terms of project implementation and records are verified on the spot on the project implementation site by selecting enterprises in order of financial importance and other risk factors.

Key words: Structural funds, monitoring, financing, control, loan guarantees.
JEL Classification System: H11, F36.

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