The pre-financing payment made on 2 December will help to kick-start the implementation of the investment and reform measures outlined in Romania's recovery and resilience plan. The country is set to receive €29.2 billion in total, consisting of €14.2 billion in grants and €14.9 billion in loans, over the lifetime of its plan. This disbursement follows the recent successful implementation of the first borrowing operations under NextGenerationEU. By the end of the year, the Commission intends to raise up to a total of €80 billion in long-term funding, complemented by short-term EU-Bills, to fund the first planned disbursements to Member States under NextGenerationEU. The RRF is at the heart of NextGenerationEU which will provide €800 billion (in current prices) to support investments and reforms across Member States. The Romanian plan is part of the unprecedented EU response to emerge stronger from the COVID-19 crisis, fostering the green and digital transitions and strengthening resilience and cohesion in our societies.