Brussels, 31 July 2022 (TDI): The European Commission gives payments to different countries. Spain gets the second payment of €12 billion in non-reimbursable financial support.
The first payment of €398.7 million to Slovakia also takes place under the Recovery and Resilience Facility (RRF). Spain submitted a first payment request to the Commission for €12 billion under the RRF on 30 April.
There were also several reforms consisting of green and just transition, the labor market, regulated professions, and R&D.
🇸🇰 Slovakia is receiving today the first payment under the Recovery and Resilience Facility #NextGenerationEU.
We’re disbursing €398.7 million in grants to support its reforms and transition towards a green and digital future.
ℹ️https://t.co/eJv5Y9X2dt pic.twitter.com/j1r9sJuEht
— European Commission 🇪🇺 (@EU_Commission) July 29, 2022
Slovakia submitted the first request to the Commission for payment of €398.7 million on April 29 under RRF. It covered stages of 14 milestones including judicial system reforms, budgetary framework, and also many others.
Criteria for Payments
Payments made by the Commission under the RRF are performance-based. They are also based on how well Slovakia and Spain implement the investments along with reforms outlined in their plans.
The comprehensive recovery and resilience plan of Spain and Slovakia will get €69.5 billion and €6 billion in grants respectively.
The Recovery and Resilience Dashboard publishes the amounts of payments made to the Member States. It also knows about the development of both individual recovery and resilience plans as well as the RRF.
Latvia’s Payment
Today, the Commission approved a favorable preliminary evaluation of Latvia’s payment. This was a request for grants totaling €201 million under the Recovery and Resilience Facility (RRF).
Latvia also submitted a payment request to the Commission on June 17, 2022. This was in fact according to the fulfillment of the nine milestones chosen in the Council Implementing Decision for the first installment,
The reforms and investments consist of the areas of minimum income support. They have a role in the prevention of money laundering and terrorist financing along with social housing and much more.
The Commission has carefully seen this data before expressing its positive preliminary evaluation of the payment request.
Particularly, six components comprise the Latvian recovery and resilience plan. This comprises a wide range of investment and reform measures.
