The Economic and Financial Affairs
Council (ECOFIN) on Friday gave its backing to Italy's revised
national recovery and resilience plan (NRRP), sealing definitive
approval by the European Union to the changes requested by the
government of Premier Giorgia Meloni and the additional
RepowerEu chapter.
Italy was one of 13 member states to have their EU-funded
post-Covid recovery plans approved by the meeting of EU finance
ministers.
"This is another great result for the Government that confirms
the seriousness and effectiveness of the work done in recent
months," said Meloni.
"We intend to continue on this path, in the knowledge that the
success of our NRRP is in the interest of the nation and its
citizens," she added.
Italy's revised plan is now worth 194.4 billion euro, of which
122.6
billion euro in loans and 71.8 billion euro in grants under the
NextGenerationEU programme established by the European Union to
help member states recover from the Covid-19 pandemic, with
resources to be deployed in the period 2021-2026 period.
The NRRP covers 66 reforms - seven more than the original plan,
and 150 investments and includes in total 145 new or modified
measures, including the interventions set out under the new
separately funded REPowerEU chapter to reduce dependency on
Russian fossil fuels.
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