The EU is working to turn its €750 billion recovery package into action.
The Council today adopted a regulation establishing the Recovery and Resilience Facility, which lies at the heart of the EU’s recovery plan. It will make €672.5 billion in grants and loans available for public investment and reforms in the 27 member states to help them address the impact of the COVID-19 pandemic, to foster the green and digital transitions and to build resilient and inclusive societies.
Member states will receive support from the facility on the basis of their national recovery and resilience plans, which are currently under preparation.
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