Germany received the first payment under the Recovery and Resilience Facility (RRF). The payment amounts to € 4 billion. On 15 September, Germany submitted to the Commission the first request for payment of € 4 billion under the RRF covering 28 milestones and 8 targets. The overall recovery and resilience plan of Germany will be financed by € 28 billion in the form of grants. Read more on the German recovery and resilience plan here.
The Commission paid to Greece the third payment under the Recovery and Resilience Facility (RRF). The payment amounts to € 3.64 billion (€ 1.69 billion in non-repayable financial support and € 1.95 billion in loans, excluding pre-financing). On 16 May 2023 and on 22 November 2023, Greece submitted to the Commission the third request for payment for non-repayable support and the third request for payment for loans, respectively, covering 39 milestones and four targets. The overall recovery and resilience plan of Greece will be financed by € 35.95 billion, with € 18.22 billion in non-repayable support and € 17.73 billion in loans. Read more on the Greek recovery and resilience plan here.
The Commission also paid to Italy the fourth payment for € 16.5 billion of non-repayable financial support and loans (excluding pre-financing) under the Recovery and Resilience Facility (RRF). On 22 September 2023, Italy submitted to the Commission the fourth request for payment of € 16.5 billion under the RRF covering 21 milestones and 7 targets. The overall recovery and resilience plan of Italy will be financed by € 194.4 billion of which € 71.8 billion in the form of grants and € 122.6 billion in the form of loans. Read more here on the Italian recovery and resilience plan here.
Finally, the Commission disbursed to Portugal the third and fourth combined payment for € 2.46 billion of non-repayable financial support and loans (excluding pre-financing) under the Recovery and Resilience Facility (RRF). In October 2023, Portugal submitted to the Commission the third request for payment of the third and fourth grant instalments (€ 1.77 billion and € 0.82 billion) and for the third and fourth loan instalments (€ 0.36 billion and € 0.22 billion) under the RRF, covering 47 milestones and targets. On 13 December, the Commission adopted a partially positive preliminary assessment of Portugal’s request for payment, having found that one milestone and one target concerning reforms of the health sector and one milestone related to the reform of regulated professions had not been satisfactorily fulfilled. The Commission acknowledged the steps already taken by Portugal to fulfil these outstanding milestones and target, though important work remains to be done. The steps to be taken under the ‘payment suspension’ procedure to give Member States additional time to fulfil outstanding milestones, are explained in this Q&A document. The overall recovery and resilience plan of Portugal will be financed by € 22.2 billion in the form of grants and loans. Read more here on the Portuguese recovery and resilience plan.
Moreover, the Commission paid to Slovakia the third payment for € 662 million in grants of non-repayable financial support (excluding pre-financing) under the Recovery and Resilience Facility (RRF). On 25 September, Slovakia submitted to the Commission the third request for payment of € 662 million under the RRF covering 21 milestones and six targets. The overall recovery and resilience plan of Slovakia will be financed by € 6.4 billion in the form of grants. Read more here on the Slovak recovery and resilience plan here.
Furthermore, the second payment to Slovenia for € 225.91 million of non-repayable financial support (excluding pre-financing) and € 310.09 million of repayable support under the Recovery and Resilience Facility (RRF) was paid today. On 15 September, Slovenia submitted to the Commission the second request for payment of € 536 million under the RRF covering 43 milestones and three targets. The overall recovery and resilience plan of Slovenia will be financed by € 1.61 billion in the form of grants and € 1.07 billion in the form of loans. Read more here on the Slovenian recovery and resilience plan here.
Payments under the RRF are performance-based and contingent on Germany, Greece, Italy, Portugal, Slovakia and Slovenia implementing the reforms and investments outlined in their recovery and resilience plans.
Source: European Commission
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