NextGenerationEU: Commission receives third payment request from Italy for €19 billion in grants and loans under the Recovery and Resilience Facility
date: 11/01/2023
See also: Daily News 03 / 01 / 2023
Italy's overall recovery and resilience plan (RRP) is financed by €69 billion in grants and €122.6 billion in loans. Payments under the Recovery and Resilience Facility are performance-based and contingent on Italy implementing the investments and reforms outlined in its recovery and resilience plan. The Commission will now assess the request, and will then send its preliminary assessment of Italy's fulfilment of the milestones and targets required for this payment to the Council's Economic and Financial Committee.