• Mon. Oct 25th, 2021

Recovery, Dombrovskis: “First payments in July”

Byeditorial

May 10, 2021

In the second half of June, the European Commission should prepare “the first proposals” for the approval of the national recovery plans and the first payments should arrive in July. Thus the executive vice president of the Commission Valdis Dombrovskis, in a hearing at the Econ commission of the European Parliament, in Brussels. The European Commission should prepare “the first proposals” for the approval of the national recovery and resilience plans, necessary to access the resources of the Recovery and Resilience Facility, the heart of Next Generation Eu, “in the second week of June”, after which the Council should adopt them “within a month,” he explained. “Eight EU member countries” have yet to ratify the own resources decision, a necessary step for the Commission to issue bonds on the markets, raising the resources to finance the plan, of which “three could do so this week”, added Dombrovskis. As for the “first payments” to Member States under Next Generation Eu, 13% of the total, will be made by the Commission “presumably in July”. It is possible that second tranches will be disbursed by the end of the year, “but it will depend on compliance with the objectives and milestones” envisaged in the national plans.