Brussels, 29 June 2022
The Commission has received the second payment request from Italy under the Recovery and Resilience Facility (RRF) for a disbursement of €21 billion in financial support (net of pre-financing). Italy’s overall recovery and resilience plan is financed by €68.9 billion in grants and €122.6 billion in loans.
Payments under the RRF are performance-based and contingent on Italy implementing the investments and reforms outlined in its recovery and resilience plan. This second payment request relates to 45 milestones and targets covering several reforms including in the areas of public administration, public procurement, tax administration, education and territorial healthcare, as well as investments in ultra-broadband and 5G, tourism and culture, hydrogen, urban regeneration and digitalization of schools.
The Commission will now assess the request, and will then send its preliminary assessment of Italy’s fulfilment of the milestones and targets required for this payment to the Council’s Economic and Financial Committee. More information on the process of the payment requests under the RRF is available in this Q&A. More information on Italy’s recovery and resilience plan is available here.