Brussels, 27 May 2024
Today, the Commission disbursed to Latvia the second payment for €336 million in grants (excluding pre-financing) under the Recovery and Resilience Facility (RRF).
As for all Member States, payments made to Latvia under the RRF are performance-based and depend on the implementation by Latvia of the investments and reforms described in its recovery and resilience plan. On 22 December 2023, Latvia submitted to the Commission the second request for payment under the RRF, covering 40 milestones and three targets. These cover several reforms and investments in the areas of higher education, digitalisation, healthcare, affordable housing, energy efficiency, clean mobility, customs, and tax compliance.
On 10 April 2024, the Commission adopted a positive preliminary assessment of Latvia’s second payment request. The favorable opinion of the Economic and Financial Committee of the Council on the payment request paved the way for the Commission to adopt a final decision on this disbursement.
Latvia’s overall recovery and resilience plan will be financed by a total of €1.97 billion in grants. The amounts of payments made to Member States are published on the Recovery and Resilience Scoreboard, which shows the progress made in the implementation of the RRF as a whole and of the individual recovery and resilience plans.
This payment request will bring the funds paid out to Latvia under the RRF to €801 million, which correspond to 41% of the overall RRF funds for Latvia, with 23% of all the milestones and targets in the plan fulfilled.
More information on the RRF payment claim process can be found in this Q&A document. More information on the Latvian recovery and resilience plan, including an interactive map with examples of reforms and investments, can be found here.