On Wednesday 21 February, the European Commission highlighted the innovative aspect of the Recovery and Resilience Facility (RRF), the financial instrument of the NextGenerationEU Recovery Plan, which is performance-based in that European funds are only disbursed once the structural reforms set out in a post-Covid-19 national recovery plan have been implemented.
“This is the first time that we are managing to combine investments with growth-enhancing structural reforms. (...) The RRF...