One year on from its introduction, the report takes stock of the progress made in the implementation of the Facility, from the adoption of the RRF Regulation in February 2021 to the disbursement of the first regular payment in December 2021. The report shows that major headway has been made and confirms that the implementation of the RRF is well underway. The report details numerous examples of the investments and reforms financed by the RRF in the 22 recovery and resilience plans that have been adopted so far. These examples present concrete measures that are contributing to the six policy pillars defined in the RRF Regulation, including the green transition and the digital transformation. The report therefore provides an important insight into the unprecedented scale and impact of the measures that are being implemented across the EU as a result of the RRF.