The payments are performance-based and dependent on Greece’s implementation of the reforms
In the disbursement of the fourth loan payment of €2.3 billion (net of pre-financing) under the Recovery and Resilience Fund (RRF) proceeded yesterday Tuesday the Commission.
Payments, as for all member states under the Recovery Fund, are performance-based and dependent on Greece implementing the investments and reforms outlined in the Recovery and Resilience plan.
On 17 April 2024, Greece submitted to the Commission its fourth request for payment of EUR 2.3 billion under the RRF. This request covers one objective, namely further progress in the provision of the loan facility. This measure aims to mobilize private investment in areas such as green and digital transition, increasing export capacity and research, development and innovation.
On 14 June 2024, the Commission approved a positive preliminary assessment of Greece’s payment request. The positive opinion of the Council’s Economic and Financial Committee on the payment request paved the way for the Commission to take a final decision on the disbursement of the funds.
Source: Skai
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