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NextGenerationEU: Commission receives €7.4 billion payment request from France under the Recovery and Resilience Facility

The Commission has received France's first payment request under the Recovery and Resilience Facility for a disbursement of €7.4 billion in financial support (net of pre-financing).

The visual displays increase of GDP of between 0.6 % and 1.0 % by 2024, 157 000 additional jobs by 2026, 0.4% gross domestic product benefits in France, ©European Union
European Union

date:  09/12/2021

See alsoDaily News 29 / 11 / 2021

France's overall recovery and resilience plan amounts to €39.4 billion, exclusively in the form of subsidies. Payments under the RRF are contingent upon France making the investments and reforms described in its recovery and resilience plan. This first payment is conditional on the achievement of 38 milestones and targets. The Commission now has two months to make its assessment. It will then send the Council's Economic and Financial Committee its preliminary assessment of France's compliance with the milestones and targets required for this payment.