The European Commission has paid Italy
the fifth installment of funding for its post-Covid National
Recovery and Resilience Plan (NRRP) amounting to 11 billion
euros, the European executive said on Monday.
The fifth request for a payment concerned 53 milestones and
targets linked to the NRRP, a huge programme that seeks to make
the Italian economy greener and more modern with the help of
around 194 billion euros in grants and low-interest loans from
the EU.
These included fundamental targets for the implementation of 14
reforms and 22 investments in sectors including competition,
public tenders, waste and water management, the judicial system,
education and public spending.
The Commission gave a positive assessment of Italy's request for
the payment of the fifth instalment on July 2.
Payment of the funding is dependent on the achievement of
milestones regarding reforms and the projects themselves.
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