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12 billion euros of the recovery plan released

The European Commission has just launched its 12th operation under the recovery framework, issuing €12 billion. This operation is a small part of the €800 billion NextGenerationEU instrument which aims to help Europe recover from the COVID-19 pandemic and to help build a greener, more digital and more resilient Europe.

This operation, the 7th of the year 2022, includes a new 5-year bond for an amount of €7 billion maturing in October 2027 and a new 30-year bond for an amount of €5 billion. In total, €73.75 billion in 2022 and €144.75 billion since the launch of the NextGenerationEU programme in June 2021 were released.

With this recovery plan, the Commission wishes to respond to the needs of investors and support the recovery from the pandemic. It is providing financial support to Member States through the Recovery and Resilience Facility and other EU programmes.



Source : NextGenerationEU : European Commission raises a further €12 billion for Europe’s recovery


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