European Commissioner Elisa Ferreira announced this Monday, in Évora, the disbursement of the first payment of 1,16 billion euros (excluding pre-financing) to Portugal under the Recovery and Resilience Mechanism (MRR), comprising €553,44 million in grants and €609 million in loans.
The announcement was made during the Europe Day celebrations in Évora, organized by the European Commission Representation in Portugal.
Payments made to Portugal under the MRR are performance-based and dependent on the execution of the investments and reforms described in Portugal's Recovery and Resilience Plan.
On 25 January 2022, Portugal submitted a first payment request of €1,16 billion under the MRR to the Commission, covering 38 milestones and targets. These are reforms and investments in health, social housing, social services, investment and innovation, skills and competences, forestry, blue economy, bioeconomy, renewable gases (including hydrogen), public finance and public administration.
On 25 March 2022, the Commission adopted a positive preliminary assessment of Portugal's payment request. The favorable opinion of the Council's Economic and Financial Committee on the payment request paved the way for the Commission to adopt a final decision on the disbursement of funds.
More information about Portugal's Recovery and Resilience Plan on this website.
The amounts of payments made to Member States are published in the Recovery and Resilience Assessment Grid, which shows the progress made in implementing the MRR as a whole and the individual recovery and resilience plans.
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