NextGenerationEU: Executive Vice-President Dombrovskis announces the disbursement of a first payment of €201 million to Latvia under the Recovery and Resilience Facility
date: 20/10/2022
The announcement was made alongside Latvia's Finance Minister, Jānis Reirs. Latvia is to receive €201 million in grants (net of pre-financing). Payments under the RRF are performance-based and contingent on the implementation of the investments and reforms described in Latvia's recovery and resilience plan. On 17 June 2022, Latvia submitted to the Commission its first request for a payment of €201 million under the RRF. The request covered nine milestones concerning reforms and investments in the areas of the minimum income support system, broadband infrastructure, educational institutions' infrastructure and remote learning. Other areas covered are public procurement, the prevention of money laundering and terrorist financing, as well as the construction of low-rent dwellings. On 29 July 2022, the Commission endorsed a positive preliminary assessment of Latvia's request for payment. The favourable opinion of the Economic and Financial Committee on the payment request paved the way for the Commission to adopt a final decision on the disbursement of the funds.