The elderly, a vulnerable population in Latvia, have been severely affected by the economic situation in the Baltics. As the Baltic governments look to find ways to reduce costs, much-needed social services are being eliminated. This is particularly true of those countries receiving loans from the International Monetary Fund, such as Latvia.
Direct compensation payments are made from the Central and Eastern European Fund (CEEF) and the Holocaust Victim Compensation Fund (HVCF). Beginning in January 2013, CEEF payments increased to €300 per month from €260 due to Claims Conference negotiations with the German government, and are now €336. The Claims Conference negotiates on an ongoing basis with the German government to include additional Nazi victims in compensation programs, increase payments, and provide increased funds for social services.