At today's informal video conference, chaired by Minister of Finance Andrej Šircelj, EU Ministers for Economic and Financial Affairs confirmed the positive assessment of the Estonian, Finnish and Romanian Recovery and Resilience Plans.
EU Ministers for Economic and Financial Affairs confirmed the European Commission's positive assessment of the National Recovery and Resilience Plans for Estonia, Finland and Romania by informal videoconference. The implementing decisions will be approved subsequently in writing. As of today, 22 National Recovery and Resilience Plans have already been approved.
"Work for Europe's recovery continues. We are making progress with the approvals of the Recovery and Resilience Plans - as many as 22 have already been approved by the ECOFIN Council. Based on the approved plans, countries can channel support where they need it most. The reforms and investments set out in the recovery and resilience plans support Europe’s Green and Digital Agenda. They can help us improve the economy and society as a whole," Minister Šircelj said.
17 Member States have already received the advance payment they were entitled to. This means that the channelling of funds into investments and reforms that will further support the recovery is already underway. The next steps for receiving further funding from the Recovery and Resilience Facility include the achievement of the milestones and targets set out in the Member State national plans. Countries can request disbursement twice a year, but only receive money on the basis of milestones and targets met.