The Commission will authorise further disbursements based on the implementation of the investments and reforms outlined in Italy's recovery and resilience plan. The country is set to receive €191.5 billion in total over the lifetime of its plan (€68.9 billion in grants and €122.6 billion in loans).
Today's disbursement follows 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.
Part of NextGenerationEU, the RRF will provide €723.8 billion (in current prices) to support investments and reforms across Member States. The Italian plan is part of the unprecedented EU response to emerge stronger from the COVID-19 crisis, fostering the green and digital transitions and strengthening resilience and cohesion in our societies. /BGNES