The European Commission has today adopted a Communication marking the two-year anniversary of the creation of the Recovery and Resilience Facility (RRF) , the key instrument at the heart of the EUR 800 billion NextGenerationEU recovery plan for Europe. The Communication takes stock of the concrete results achieved so far through the RRF’s unprecedented double-push for green and digital reforms and investments in Member States. It also outlines further steps for supporting the continued successful implementation of national recovery and resilience plans. The annexes to the Communication clarify certain technical aspects of the way in which the Commission assesses Member States’ progress. President of the European Commission Ursula von der Leyen said: “Our recovery plan NextGenerationEU has become even more than a vital response to the COVID-19 pandemic. Two years after the creation of the fund, we have already disbursed more than EUR 140 billion and we overachieved our initial investment targets for the green and digital transitions. Now, with Russia’s brutal invasion of Ukraine and a global energy crisis, the fund has become a key element of our Green Deal Industrial Plan. It will support our Member States on the road to net-zero, with the additional financial boost […]
NextGenerationEU: Two years on since its adoption, the Recovery and Resilience Facility continues to be a central driver of the EU’s green and digital transformation
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