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European Commission endorses funds for Italian recovery


European Commission endorses funds for Italian recovery

Brussels, Mar 1 (Prensa Latina) The European Commission (EC) endorsed the disbursement of the first tranche of the recovery fund for Italy, which amounts to 21 billion euros.
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Of this amount, 11 billion euros will be transferred to Rome in the form of loans and the rest directly.

The EC statement added that Italy met the 51 milestones and targets included in the first package of reforms and investments agreed under its recovery plan.

This fund covers areas such as public administration, procurement, justice, higher education and active employment policies for people with disabilities.

Other actions within this disbursement focused on the Italian system of audits and control of its own recovery plan, as well as investments in the digitalization of companies, and the improvement of energy efficiency and building renovation.


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