On 28 July 2010 the agreements were signed between the European Commission and the Donor States (Norway, Iceland and Lichtenstein) for provision of the financial assistance for the implementation of the European Economic Area (EEA) Financial Mechanism and the Norwegian Financial Mechanism 2009-2014. Latvia will receive the financial assistance in total amount 67,48 million EUR (47,42 million Lats) in order to reduce economic and social disparities in the EEA and to strengthen bilateral relations between the Donor States and Latvia. Financial Mechanisms will be implemented through programmes starting from 2012 till 2016. The Ministry of Finance acts as the National Focal Point, which has overall responsibility for implementation of Financial Mechanisms. For more information please see the web pages www.eeagrants.lv and www.norwaygrants.lv administrated by the Ministry of Finance.