Recovery and resilience fund: Council greenlights the amended plans of Sweden, Slovenia, Denmark and Belgium

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The Council today approved the Commission’s positive assessment of the amended recovery and resilience plans submitted by Sweden, Slovenia, Denmark and Belgium.

According to the analysis of the Commission, the targeted modifications put forward by the member states do not affect the relevance, effectiveness, efficiency and coherence of their recovery and resilience plans.

Sweden

On 19 September 2024, Sweden submitted targeted amendments to its recovery and resilience plan. The plan is worth € 3.5 billion in grants. 

Slovenia

On 18 October 2024, Slovenia submitted targeted amendments to its recovery and resilience plan. The plan is worth € 2.7 billion in grants and loans. 

Denmark

On 22 October 2024, Denmark submitted targeted amendments to its recovery and resilience plan. The plan is worth € 1.8 billion in grants.

Belgium

On 25 October 2024, Belgium submitted targeted amendments to its recovery and resilience plan. The plan is worth € 5.3 billion in grants and loans.

Background

The RRF is the EU’s large-scale financial support programme in response to the challenges the COVID-19 pandemic has posed to the European economy. It is the centrepiece of NextGenerationEU, a temporary recovery instrument that allows the Commission to raise funds to help repair the immediate economic and social damage caused by the pandemic.

To benefit from the facility, member states must submit recovery and resilience plans (RRPs) to the Commission, setting out the reforms and investments they intend to implement by the end of 2026.

So far, €648 billion have been committed to this end. To date, all RRPs have been approved, 71 payment requests have been received and €269 billion have been disbursed.

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