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The Commission has received an official recovery and resilience plan from Ireland and Sweden. These plans set out the reforms and public investment projects that each member state plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is the key instrument at the heart of NextGenerationEU, the EU’s plan for emerging stronger from the COVID-19 pandemic. It will provide up to €672.5 billion to support investments and reforms (in 2018 prices). This breaks down into grants worth a total of €312.5bn and €360bn in loans.
The RRF will play a crucial role in helping Europe emerge stronger from the crisis, and securing the green and digital transitions. The presentation of these plans follows intensive dialogue between the Commission and the national authorities of these member states over the past number of months. The Commission will assess the plans within the next two months based on the eleven criteria set out in the Regulation and translate their contents into legally binding acts. The Commission has now received 21 recovery and resilience plans from Belgium, Denmark, Germany, Greece, Ireland, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Austria, Poland, Portugal, Slovenia, Slovakia, Finland, and Sweden. It will continue to engage intensively with the remaining Member States to help them deliver high quality plans.
A press release and a Q&A are available online.
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