EU Funds Monitoring Committee: Emphasis on Increasing Investment Volume and Speed
The Ministry of Finance (MoF) organized a meeting of the European Union (EU) Funds Monitoring Committee, emphasizing the need to accelerate the pace and scale of investments to fully utilize the available €4.4 billion from the EU Multiannual Financial Framework and Recovery Fund for 2021–2027.
The MoF noted that only 35% of the total funding has been approved so far, and approximately 20% of projects have been launched. This highlights the urgent need for sectoral ministries to expedite project selection processes and develop investment conditions to achieve significant progress in the coming months.
During the meeting, measures were discussed to ensure the effective and timely utilization of resources, promoting economic growth and sustainability. The MoF stressed that strategic and targeted decisions are crucial to fully using the available funds by the end of the funding period.
Source: Ministry of Finance of the Republic of Latvia
Photo: Ministry of Finance of the Republic of Latvia
