loading

News

Recovery and Resilience Facility: positive preliminary assessment of Italy's request for €21 billion

Recovery and Resilience Facility: positive preliminary assessment of Italy's request for €21 billion
28 September 2022

The European Commission has endorsed a positive preliminary assessment of Italy's second payment request for €21 billion, of which €10 billion of grants and €11 billion of loans (net of pre-financing) under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.

Italy submitted to the Commission, in June, a payment request based on the achievement of the 45 milestones and targets selected in the Council Implementing Decision for the second instalment. They cover reforms in the areas of public employment (as part of a broader reform of public administration), public procurement, teaching profession, tax administration and territorial healthcare. The payment request includes investments in key policy areas including ultra-broadband and 5G, research and innovation, tourism and culture, hydrogen, urban regeneration and digitalisation of schools. This payment request also includes an investment to support the reform of the justice system and reduce the backlog of cases.

With their request, the Italian authorities provided detailed and comprehensive evidence demonstrating the fulfilment of the 45 milestones and targets. The Commission has thoroughly assessed this information before presenting its positive preliminary assessment of the payment request.

Image © European Commission

News

Related news

From January 1st to June 30th, 2024, Belgium will hold the Presidency of the Council of the European Union (the Council). With the presidency just around the corner, B2EU has...
More details  An Analysis of the Goals, Focus, and Priorities of the Belgium Presidency
On the 24th of November, 2023 the EU announced the release of €15 million in humanitarian aid for the most vulnerable people in Syria and Lebanon, including refugees and those...
More details EU Announces €15 Million in Humanitarian Assistance for Refugees and People in Need in Syria and Lebanon
On November 15th, the European Union (EU) and its Member States officially signed the "Samoa Agreement," a partnership accord with the African, Caribbean, and Pacific States...
More details Samoa Agreement: EU and its Member States sign new Partnership Agreement with the Members of the Organisation of the African, Caribbean and Pacific States

Stay in touch with us!

For more information about our services and working opportunities at our company, do not hesitate to: