Latvia Stability Programme Report

RECOVERY AND RESILIENCE FACILITY (RRF) FOR LATVIA Targeted use of EU funds will promote competitiveness and stimulate economic growth as well as support necessary structural reforms Recovery and Resilience plan (Adopted by the Council on July 13, 2021) Reforms under RRF 10% CLIMATE TRANSFORMATION Transition to sustainable transport, energy efficiency in all sectors, enabling wind-farm deployment Coordination mechanisms for public digital services, digtal skills & skills agenda DIGITAL ■ CLIMATE 676,2 M € 37% ■ RULE OF LAW 37 M € 20% 1,82 billion € ■ ECONOMIC TRANSFORMATION 196 M € ■ DIGITAL TRANSFPRMATION 365,2 M € DISPARITIES ■ REDUCING 20% 370 M € 11% 2% ■ HEALTH 181,5 M € On 10 September, 2021, Latvia received pre-financing of 13% (EUR 237 million) of the total amount of the Recovery Fund 26 Source: Ministry of Finance; Data on 10.02.2022. REDUCING DISPARITIES HEALTH ECONOMIC TRANSFORMATION RULE OF LAW ব . Administrative territorial reform, GMI reform Healthcare network effectiveness, remuneration reform Innovation eco-systems, consolidation of higher education institutions Strengthening capacity of law enforcement agencies to combat shadow economy and economic crimes In June 2022 Latvia submitted to the EC the first payment request in amount of EUR 231 million

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