Negotiators from the European Parliament and the Council of the European Union reached an interinstitutional agreement in the early hours of Friday 18 December on the Recovery and Resilience Facility (RRF ), the budgetary instrument at the heart of the €750 billion Next Generation EU Recovery Plan, which will complement the 2021-2027 Multiannual Financial Framework (MFF).
Generated by joint borrowings by the European Commission on behalf of the EU, the RRF will be endowed with...