EC gives Italy 6th NRRP payment worth 8.7 billion

Italy has received 122.2 billion out of the 194.4 billion so far

By: ansa.it

Dec 23 2024
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EC gives Italy 6th NRRP paymen

The European Commission said Monday that it has disbursed Italy's sixth payment for its National Recovery and Resilience Plan (NRRP) worth 8.7 billion euros - 6.9 billion in loans and 1.8 billion in grants.
    The NRRP seeks to make the Italian economy Greener and more modern with projects financed with the help of 194.4 billion euros in EU grants and low-interest loans under of the bloc's post-Covid Recovery Fund.
    The payments are conditional on Italy passing structural reforms.
    "On 28 June 2024, Italy submitted its sixth request for payment, covering 39 milestones and targets," the Commission said.
    "These include reforms in public administration, improving human resources, public procurement, and tax administration, as well as in social policy, including combating undeclared work and supporting non-self-sufficient elderly persons.
    "It also covers investments in digitalization, such as developing digital logistics platforms and modernizing national parks, alongside sustainability efforts, including waste management and agri-solar development. "The Commission adopted a positive preliminary assessment of the request on 26 November 2024, which was followed by the favourable opinion of the Economic and Financial Committee of the Council, paving the way for the final decision on disbursement.
    "To date, Italy has received a total of €122.2 billion, out of the €194.4 billion allocated to the Italian recovery and resilience plan".