The event will take place on Monday, 15 November 2021, from 15.00 until 16.00 (CEST) online organised by the European Investment Bank (EIB).
Register here (link).
The Recovery and Resilience Facility (RRF), Europe’s centrepiece of fighting the medium- and long-term negative effects of the Covid-19 pandemic is well under way. By November 2021, 22 Member States’ National Recovery and Resilience plans have been approved by the Council, getting green light to use newly created recovery resources. Over EUR 52 billion have already been disbursed to Member States.
Yet the impact of the pandemic has not only warranted immediate recovery support but also hardened already existing structural problems and deepened investment gaps. The financial dimensions of these challenges are huge and cannot be solved by public funding alone. It is essential to leverage public money and make additional private funds available to the real economy.
The EIB Group supports Member States, like in Greece or Italy, in leveraging their RRF resources and facilitate its implementation. Member States can for instance mandate the EIB as fund manager as well as make use of EIB’s advisory services. In Greece for instance, the Bank will help managing up to EUR 5 billion to support the country’s Recovery and Facility Agency. Countries will benefit from the EIB’s technical, economic and financial expertise in identifying high-impact projects and deploying effective financial structures, to make the best use of their RRF funds.