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The Reconstruction and Resilience Fund (RRF). European Commission spokesman on the date of completion of the evaluation of the Polish reconstruction plan

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European Commission spokesman Eric Mamer said there was no “time frame” to complete the process of assessing the Polish recovery and resilience plan. During a press conference in Brussels, he added that the European Commission has no new information on this matter at the moment.

– Nothing new under the sun – said Mamer, referring to the question about the Polish KPO.

National Reconstruction Plan – what about money for Poland?

When asked about the date of a possible EC decision, he replied: – There is no time frame, the works are continued. We will inform you when there is something new.

Last week, however, the Commission admitted that the deadline agreed with Poland expired on August 1.

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A week ago, Deputy Minister of Funds and Regional Policy of the Republic of Poland, Waldemar Buda, expressed his concern that delaying the assessment by the European Commission may violate the provisions of the Regulation on the Reconstruction and Resilience Fund (RRF).

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First disbursements from the reconstruction fund – which countries got the money and how many?

A week ago, the European Commission disbursed the first funds from the Reconstruction and Resilience Fund (RRF) Belgium, Luxembourg and Portugal.

As part of the first payment, Belgium received EUR 770 million, Luxembourg – EUR 12.1 million, and Portugal EUR 2.2 billion.

The value of the entire national reconstruction plan for Belgium is EUR 5.9 billion, Luxembourg – EUR 93.4 million, and Portugal – EUR 16.6 billion.

National Reconstruction Plan – issues of EU law and the rule of law

European Commission Vice-President Vera Jourova and EU Justice Commissioner Didier Reynders presented on 20 July rule of law report in the administration of justice and media freedom and pluralism.

As reported by the Reuters Agency, the European Commission has highlighted serious concerns about the rule of law that can influence decisions about multi-billion dollar bailouts from the European Reconstruction Fund.

As Reuters explained, the deputy head of the European Commission said that she was unable to predict when the money from the Reconstruction Fund for Poland would be approved. She emphasized that Warsaw must first convince the Commission that it has a reliable system for controlling and auditing the spending of EU funds.

Reconstruction Fund for pandemic crisis

The Reconstruction Fund is a means of reviving the EU economy after the COVID-19 pandemic, and at the same time responding to the greatest challenges of our time: climate and digital transformation. To receive support, Member States must present their recovery plans to the European Commission.

After receiving the plan, the Commission has two months to evaluate it (unless it has agreed to postpone the deadline with the Member State) and to propose to the Council an implementing decision approving the plan. The Council then has four weeks to examine the draft decision. Once the Council adopts the decision, Member States can start signing bilateral financing agreements with the Commission and receive the agreed advances within two months.

From the Reconstruction Fund, Poland will have approx EUR 58 billion. This amount consists of EUR 23.9 billion in grants and EUR 34.2 billion in loans.

Main photo source: Etienne Ansotte | ec.europa.eu



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