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RRF

Recovery and Resilience Facility

Macro & central banks

Short definition

A temporary NextGenerationEU instrument providing Member States with grants and loans for agreed reforms and investments over 2021-2026. Following any pre-financing, regular payments depend on satisfactory fulfilment of milestones and targets in national recovery and resilience plans. The 2026 deadlines are 31 August for completing milestones and targets, 30 September for final payment requests and 31 December for Commission payments.

risk atlas

Knowledge map

Intuition

Completing a milestone leads to an assessment and a conditional disbursement.

Related analyses

Primary sources