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".
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