EC REPRESENTATIONS - Commission disburses billions in pre-financing to 9 European member states so far

The Recovery and Resilience Facility (the Facility) makes €672.5 billion (in 2018 prices) in loans and grants available to support reforms and investments undertaken by Member States. The aim is to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital transitions.

date: 31/08/2021

The Facility is the centrepiece of NextGenerationEU, a temporary recovery instrument that allows the Commission to raise funds to help repair the immediate economic and social damage brought about by the coronavirus pandemic. The Facility is also closely aligned with the Commission’s priorities ensuring a sustainable and inclusive recovery that promotes the green and digital transitions.

The Recovery and Resilience Facility offers an unprecedented opportunity to speed up the recovery in Europe and reinforce the commitment to the twin transition: green and digital.

The Commission has disbursed €48 billion to 9 countries so far.

These disbursements follow 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, to be complemented by short-term EU-Bills, to fund the first planned disbursements to Member States under NextGenerationEU.