Monday, 15 July 2024

Tag: Recovery and Resilience Facility (RRF)

The Recovery and Resilience Facility (RRF) will make €672.5 billion in loans and grants available to support reforms and investments undertaken by Member States. The aim is to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital transitions.

By offering large-scale financial support for investment and reforms, the Facility will better prepare Member States for a sustainable recovery.

The Recovery and Resilience Facility (RRF) and NextGenerationEU

The Facility is the centrepiece of NextGenerationEU, a temporary recovery instrument that allows the Commission to raise funds to help repair the immediate economic and social damage brought about by the coronavirus pandemic. The Facility is also closely aligned with the Commission’s priorities ensuring in the long-term a sustainable and inclusive recovery that promotes the green and digital transitions.

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