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Tuesday, July 16, 2024

Govt adopts draft national recovery plan

The government has endorsed a draft National Recovery and Resilience Plan as a basis to tap on EUR 5.2 billion from the the EUR 750 billion recovery facility agreed by EU leaders in July in response to the fallout from the coronavirus pandemic.

 

The plan sets out reforms and structural adjustments in five areas. EUR 334 million in grants is earmarked in support of reforms and EUR 1.705 billion in grants and EUR 2.933 billion in loans for investment projects, the Government Office for Development and European Cohesion Policy said.

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