Recovery and resilience facility (RRF)
Pasākuma datums: 03/02/2021
The Recovery and Resilience Facility is intended to be the Union's main tool in support of economic and social recovery from the consequences of the coronavirus pandemic.
It will provide €672.5 billion in grants and loans as financial support over the coming years. The Facility is the flagship instrument of Next Generation EU and aims to offer large-scale financial support for public investment and reform, in order to mitigate the economic and social consequences of the pandemic in the Member States and to make EU economies more sustainable. The scope of application refers to policy areas related to economic, social and territorial cohesion, the green and digital transitions, health, competitiveness, resilience, productivity, education and skills, research and innovation, smart, sustainable and inclusive growth, jobs and investment, and the stability of the financial systems.
In order to receive support through the Facility, Member States will be required to produce recovery and resilience plans proposing a congruent set of reforms and public investment projects that could be implemented up until 2026.
Currently, the European Parliament, the Council and the Commission are committed to completing the Facility's design phase and ensuring its prompt entry into force.
MEPs discuss the RRF with Valdis DOMBROVSKIS, Executive Vice-President of the EC and Paolo Gentiloni, Commissioner for Economy
During the plenary session (24-25 March 2021), MEPs adopt the final pieces of the Capital Markets Recovery Package that will promote lending to businesses and households, which is vital for economic recovery
MEPs debate on the preparation and implementation of National Recovery and Resilience Plans, and ensuring good governance of the spending
MEPs debate the implementation of the European Pillar of Social Rights, in preparation of the Social Summit in Porto in May
MEPs debate and vote on the priorities for this year’s European Semester, stressing the importance of social policy and structural reforms for recovery
MEPs debate and vote on the Recovery and Resilience Facility, designed to help EU countries tackle the effects of the COVID-19 pandemic.