Commission endorses positive preliminary assessments of payment requests of Germany, Greece and Italy under the Recovery and Resilience Facility
Today, the Commission has endorsed a positive preliminary assessment of Germany’s first payment request for €4 billion in grants under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU. A press release and a Q&A are available. Read more here on the German recovery and resilience plan.
The Commission has also endorsed today a positive preliminary assessment of Greece’s second payment request for €3.6 billion in grants and loans, under the RRF. A press release and a Q&A are available. Read more here on the Greek recovery and resilience plan.
Moreover, today, the Commission has endorsed a positive preliminary assessment of Italy‘s fourth payment request for €16.5 billion in grants and loans under the RRF. A press release and a Q&A are available. Read more here on the Italian recovery and resilience plan.
The Commission has now sent its positive preliminary assessments of Germany’s, Greece’s and Italy’s satisfactory fulfilment of the milestones and targets required for the respective payments to the Economic and Financial Committee (EFC), asking for its opinion. The EFC’s opinion, to be delivered within a maximum of four weeks, should be taken into account in the Commission’s assessment. Following the EFC’s opinion, the Commission will adopt the final decision on the disbursement of the financial contribution, in accordance with the examination procedure, through a comitology committee. Following the adoption of the decision by the Commission, the respective disbursements to Germany, Greece and Italy can take place.
