Recovery and Resilience Facility
Early this morning, negotiations were concluded on the Recovery and Resilience Facility (RRF), the central piece of the Next Generation EU package, designed to help the EU through the economic fallout of the Covid-19 pandemic. The, RRF will make €672.5 billion (€312.5 billion in grants and €360 billion in loans) available to member states to support their investments and reforms in favour of the ecological and digital transition. The priorities are: Green transformation, digital transformation, resilience, economic cohesion, social and territorial cohesion, institutional resilience, and policies for the next generation, children and youth.