The European Commission presents the fifth annual report on the Recovery and Resilience Facility (RRF). As the EU’s flagship recovery instrument under NextGenerationEU, the RRM has already disbursed €450,000 million in grants and loans, representing almost 80 per cent of the total amount requested by Member States. Established in 2021 as an immediate response to […]
Recovery plans: MEPs push for wise use of money, democratic oversight
Countries should use the more than €700 billion available under EU recovery plans to adapt to new social and economic realities, MEPs say. The EU’s Recovery and Resilience Facility was set up at the height of the Covid-19 crisis to help EU countries support struggling businesses and people. While the EU’s economy rebounded in 2021 after […]