First disbursement of €3.6 billion to Greece under the Recovery and Resilience Facility
date: 13/04/2022
During an online press briefing with the Prime Minister of Greece Kyriakos Mitsotakis, the Executive Vice President announced the disbursement of the first payment to Greece of €3.6 billion (excluding pre-financing), of which €1.7 billion is in non-reimbursable financial support and nearly €1.9 billion in loans, under the Recovery and Resilience Facility (FRR). Payments to Greece under the RRF are performance-based and depend on Greece implementing the investments and reforms outlined in its recovery and resilience plan. On 29 December 2021, Greece submitted to the Commission a first payment request for €3.6 billion under the RRF including 15 targets covering several reforms and investments. This request covers reforms and investments in the areas of energy efficiency, electric mobility, waste management, labour market, taxation, business environment, healthcare, public transport, as well as the Greek audit and control system for the implementation of the RRF.