The Commission presented the mid-term evaluation of the Recovery and Resilience Facility (RRF), the EU’s recovery instrument at the heart of the €800 billion NextGenerationEU (NGEU) plan. Unprecedented in its scale and ambition, the RRF was established in February 2021 and has the two-fold objective of helping Member States to recover from the COVID-19 pandemic, as well […]
Covid-19 recovery: how the main EU instrument will work
The €672.5 billion Recovery and Resilience Facility is the key tool in the EU’s Covid-19 recovery plan to support reforms in response to the crisis. During the February plenary session, MEPs will vote on the rules establishing the Recovery and Resilience Facility, the flagship EU programme in the €750 billion Covid-19 recovery plan. Parliament and Council […]
Council agrees its position on the Recovery and Resilience Facility
Following the political agreement reached by the ministers for economy and finance on 6 October 2020, member states’ EU ambassadors formally agreed the Council’s position on the Recovery and Resilience Facility. The facility is the centrepiece of the Next Generation EU recovery instrument designed to respond to the COVID-19 crisis and the challenges posed by […]