April 23
2021
Anjum Shabbir
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18th February 2021
Banking & Finance Consumer, Health & Environment Covid-19 Employment & Immigration Institutional law Internal Market

Recovery and Resilience Facility Regulation now officially published

Regulation 2021/241 establishing the Recovery and Resilience Facility (RRF) - part of the EU’s NextGenerationEU financial pandemic-recovery package, has been officially published today.

It notes that the ‘medium and long-term consequences of the COVID-19 crisis will critically depend on how quickly Member States’ economies and societies will recover from that crisis, which in turn depends on the available fiscal space of Member States to take measures to mitigate the social and economic impact of the crisis, and on the resilience of their economies and social structures’.

In that context, the RRF makes available direct financial support in the amount of 672.5 billion euros through loans and grants to Member States, to suppo

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