Press Release: Joint statement by the Commission and the Presidency of the EU on the disbursement of the 2nd instalment of the Balance of Payment loan assistance to Latvia

The EU disbursed €1.2 billion to Latvia on 27 July, 2009, its second instalment in the context of the Balance of Payment loan assistance granted to Latvia in January this year. It anticipated Latvia fulfilling the conditions for further instalments. They were established in the Memorandum of Understanding (MoU), as well as in the Supplemental MoU signed by the EU and the Latvian authorities on 13 July.

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