Friday,
28 April 2017
2004-20092009-20142014-2021

Latvia to get 102.1 million euro allocation in the new EEA/Norwegian Financial Mechanisms period

21.12.2016

On Tuesday, December 20, at the Cabinet of Ministers meeting the informative communication on launching the official bilateral negotiations for the implementation of the European Economic Area (EEA) and the Norwegian Financial Mechanisms in Latvia for the period 2014 - 2021 was reviewed. The gross allocation to Latvia during the said period of time within the scope of both financial mechanisms comprises 102.1 million euros, with approximately 20 million euros whereof being designated in accordance with the approved implementation framework (administrative costs of the Donor States, mandatory 5% reserve, fund for promotion of bilateral cooperation, technical assistance, mandatory NGO fund, etc.), whereas 80.2 million euros are to be allocated to the introduction of the investment programmes.

On Tuesday, December 20, at the Cabinet of Ministers meeting the informative communication on launching the official bilateral negotiations for the implementation of the European Economic Area (EEA) and the Norwegian Financial Mechanisms in Latvia for the period 2014 - 2021 was reviewed. The gross allocation to Latvia during the said period of time within the scope of both financial mechanisms comprises 102.1 million euros, with approximately 20 million euros whereof being designated in accordance with the approved implementation framework (administrative costs of the Donor States, mandatory 5% reserve, fund for promotion of bilateral cooperation, technical assistance, mandatory NGO fund, etc.), whereas 80.2 million euros are to be allocated to the introduction of the investment programmes.

When passing the potential investment proposals, the previous EEA and Norwegian Financial Mechanisms implementation experience was taken into account, as well as the general investment needs in Latvia in accordance with the sectoral development strategies and national planning documents, and the clearly achievable outcomes of the planned investments, their potential impact on the sector (concentration of investments ) and complementarity, viability of the implemented contributions after the completion of the investments and their impact on the State and municipal budgets.

In light of the above mentioned, the Latvian proposal on the programmes to be offered for support in the new financial mechanisms period, entails capacity building of the system of internal affairs, Latvian regional development and poverty reduction, environmental and climate change management, entrepreneurship and cooperation in the field of culture, as well as the capacity building of the correctional services. The new EEA and the Norwegian Financial Mechanisms period will provide for the allocation also to the NGO support, as well as strengthening bilateral cooperation and promoting decent job.

By this governmental decision, the informal discussions of the Ministry of Finance with the Donor States may already take place in official status. Within the nearest future, the Ministry of Finance, in cooperation with the involved line ministries and the State Chancellery, will enter into consultations regarding the draft memoranda of understanding for the new financial mechanisms period with the Donor State representatives, with a view of concluding the memoranda of understanding in the first quarter of 2017.

After the signing of the memoranda of understanding, the responsible line ministries, in cooperation with the sectoral partners and the Donor State programme partners, during the period of 6 months must develop the programme conceptions - content documents, on the basis whereof the Financial Mechanism Office within the period of 6 month will develop the relevant programme agreement to be bilaterally signed between the representatives of Latvia and the Donor States, marking the formal launch of the programme implementation stage.

Along with the programme development, the Law on the Management of the EEA and the Norwegian Financial Mechanisms and the national legal framework will be prepared, which is planned to be approved in Autumn of 2017, while the actual implementation of the programme is planned in 2018.

As already reported before, at the moment (for the period of 2009 - 2014) 7 (seven) programmes with almost 350 projects are being implemented in Latvia with the total financial mechanisms allocation of 67.1 million euros.

The EEA ad Norwegian Financial Mechanisms allocation ensured by Iceland, Lichtenstein and Norway represents an additional foreign financing for the national state budget, aimed at reducing economic and social disparities in the beneficiary states, as well as strengthening bilateral relations with the Donor States.

Informative Communication: http://tap.mk.gov.lv/lv/mk/tap/?pid=40406772&mode=mk&date=2016-12-20

Last changes in website:
24 April 2017

© Ministry of Finance. Info: grants@fm.gov.lv