Real Economy | What is the EU Recovery Plan and how does it work?

NextGenerationEU It is the recovery plan of the European Union to help the economies and societies of its Member States to recover from the crisis caused by the pandemic.

El dinero del fundo de recuperación assigned asciende a una cifra sin precedente de 806 900 million de euros -a precios actuales; It was 750,000 million euros at the price of 2018 when it was announced for the first time – that they will be invested to create jobs and opportunities and transform the countries’ economies to make them more ecological, more digital and more egalitarian.

What is the Recovery and Resilience Mechanism?

At the heart of the EU recovery plan is the Recovery and Resilience Mechanism (MRR), with 723,800 million euros (at current prices) in loans of 385,800 million euros and grants of 338,000 million euros to EU countries invest, create jobs and build a green and digital future.

To access the funds of the FRR, countries have presented Plans of Recovery and Resiliency (PRR), also known as national recovery plans. En ellos se exponen las reforms y las investments publica que realizarán los países.

These are key areas such as new ecological technologies, clean energy and transport, building renovation, faster Internet and 5G, and professional education and training.

The European Commission has approved the plans of 22 countries.

Los fondos de NextGenerationEU They also include 50.600 million euros for REACT-UE (a new initiative that continues the crisis response and repair measures of the EU), as well as smaller amounts for other funds of the EU bloc.

Which countries in the EU have received money?

In February 2022, Spain is the first and only country that has fulfilled the conditions and implemented reforms to receive its first disbursement of money for recovery. Received 10.000 million euros in December 2021.

Many countries have also received emergency prefinancing.

You can keep up-to-date on which countries have received money and which projects are being financed by consulting the Table of Indicators of Recovery and Resiliency.

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