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NextGenerationEU: European Commission endorses Portugal’s €16.6 billion recovery and resilience plan

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The European Commission has adopted a positive assessment of Portugal’s recovery and resilience plan. This is an important step towards the EU disbursing €13.9 billion in grants and €2.7bn in loans under the Recovery and Resilience Facility (RRF) over the period 2021-2026. This financing will support the implementation of the crucial investment and reform measures outlined in Portugal’s recovery and resilience plan. It will play a key role in enabling Portugal to emerge stronger from the COVID-19 pandemic.

Commission President Ursula von der Leyen (pictured) said: “The European Commission has decided to give its green light to Portugal’s €16.6bn recovery and resilience plan, the first to be endorsed by the Commission. The plan was designed in Portugal. The reforms and investments contained in this plan will allow Portugal to emerge from the COVID-19 crisis stronger, more resilient, and better prepared for the future. In short, it will help build a better future for the Portuguese people. We will stand by Portugal every step of the way. Your success will be our success. A European success.”

A press release, Q&A and factsheet are available online.

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