Brussels, 24 July 2024
Yesterday, the Commission disbursed to Greece the fourth payment for €2.3 billion in loans (net of pre-financing) under the Recovery and Resilience Facility (RRF).
As for all Member States, payments made to Greece under the RRF are performance-based and depend on the implementation by Greece of the investments and reforms described in its recovery and resilience plan.
On 17 April 2024, Greece submitted its fourth request for payment of €2.3 billion under the RRF to the Commission. This request covers one target, i.e. further progress in the delivery of the Loan Facility. This measure aims to mobilise private investments in areas such as the green and digital transitions, increasing export capacity, and research, development and innovation.
On 14 June 2024, the Commission adopted a positive preliminary assessment of Greece’s payment request. The favourable opinion of the Economic and Financial Committee of the Council on the payment request paved the way for the Commission to adopt a final decision on the disbursement of the funds.
Greece’s overall recovery and resilience plan amounts to €35.95 billion, consisting of €18.2 billion in grants and €17.7 billion in loans. You can find more information on Greece’s plan online, which features an interactive map of projects financed by the RRF, as well as on the Recovery and Resilience Scoreboard. More information on the process of payment requests under the RRF can be found in this questions and answers document.