Latvia’s National Recovery and Resilience Plan: Latest state of play

Summary:

Under the Recovery and Resilience Facility (RRF), Latvia's national recovery and resilience plan (NRRP) had an initial value of €1 826 million. In June 2022, Latvia's grant allocation was revised slightly upwards to €1 835 million. In September 2023, Latvia submitted a request to amend its NRRP, to which it added a REPowerEU chapter endowed with an additional grant allocation of €124 million. It also requested to transfer a portion of its share of the Brexit Adjustment Reserve to its plan (€11 million). The other modifications submitted by Latvia affect 35 measures of the initial plan. In December 2023, the Council adopted an amending implementing decision by which it gave the green light to Latvia's modified plan. It confirmed that Latvia is now set to receive non-repayable financial support amounting to €1 969 million, including for the new REPowerEU chapter. These resources represent 0.3 % of the entire RRF, equal to 6.4 % of the country's gross domestic product (GDP) in 2019. Latvia has not requested RRF loans. The new plan contains 25 reforms and 63 investment measures. Measures under the current plan are to be completed by 2026. Latvia has so far received 24 % of the resources (in the form of pre-financing and one payment of grants). A further five payments for grants will depend on progress made in implementing the plan. Latvia's plan is consistent with the challenges and priorities identified in the European Semester, the annual cycle of coordination and monitoring of each EU country's economic policies. The European Parliament participates in interinstitutional forums for cooperation and discussion on the implementation of the RRF and continues to scrutinise the European Commission's work. This briefing is one in a series covering all EU Member States. Third edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

This briefing is part of the series Next Generation EU (NGEU) delivery - How are the Member States doing?

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