NextGenerationEU: Commission receives payment request from Italy for €21 billion payment under the Recovery and Resilience Facility
The Commission has on 30 December 2021 received the first payment request from Italy under the Recovery and Resilience Facility (RRF). Italy has sent a request to the Commission for a disbursement of €21 billion in financial support (net of pre-financing). Italy's overall recovery and resilience plan will be financed by €68.9bn in grants and €122.6bn in loans. Italy's payments under the RRF are performance-based and contingent on Italy implementing the investments and reforms outlined in its recovery and resilience plan. Italy's first payment request relates to 51 milestones covering several reforms in the areas of areas of justice, public administration, audit and control, education, active labour market policies, digital and tourist sectors as well as simplification of legislation in sectors like waste, water and rail transport.
The Commission now has two months to assess the request. It will then send its preliminary assessment of Italy's fulfilment of the milestones and targets required for this payment to the Council's Economic and Financial Committee (EFC). More information on the process of the payment requests under the RRF is available in this Q&A. More information on the Italian recovery and resilience plan is available here.
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