NRRP: Italy has achieved the objectives of the first half of 2022, and now asks the EU for a second instalment of 24 billion euros

Ue Bruxelles

Italy has achieved all the 45 goals and objectives indicated by the National Recovery and Resilience Plan for the first half of 2022 and now knocks on the EU’s door to collect the second instalment of the European funds provided. The Ministry of Economy and Finance has sent a request to the European Commission for the payment of the second instalment of the NRRP funds of a total value of 24.1 billion euros, of which 11.5 billion euros in grants and 12.6 billion euros in loans.

The actual amount that will be disbursed is 21 billion euros (divided between 10 billion euros of grants and 11 billion of loans), net of a share that the Commission retains on each repayment instalment, equal to 13% of the pre-financing received in August 2021 by Italy.

The disbursement of resources by the European Commission will take place in the coming months following the outcome of the evaluation process provided for in the regulations.