Review of Co-legislators adopt Recovery
Revisions: Market rules considering EU’s climate /energy objectives
- 1 hr1 hour
- Location 1
This interview reviews the adoption of Regulation of the Recovery and Resilience Facility Regulation. We review the following: -The Council’s approval concludes the formal adoption of the Regulation, which was subsequently signed by the Presidents of the two institutions on 12 February 2021. With this Regulation, the EU will make available to Member States €672.5 billion in loans and grants to finance reforms and investments, in order to prepare them for a sustainable recovery from the COVID-19 pandemic. -What is eligible for the Facility’s support and what the Members States must submit to the Commission by 30 April to aid their recovery and set out the resilience plans and reforms. -What public investment projects they will be following. -Recovery payments will be made in instalments in the next five years, until the end of 2026. -The disbursement of the payments is conditional upon the completion by Member States of the milestones and targets indicated in the plans. Recommended for the following: Public administration, Public, All areas of economic grown and sustainability and legal.
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