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ND6IaSpHEbZk4DtL3ef6P07NOQbj3s1Cx1/3R975jNzFvzKsBdeUbzg9jGIB6zvcQx3ChVUg8VuZ The European Recovery and Resilience Facility represents a vital lifeline for European regions after the impact of the COVID-19 pandemic. pORMiWQFIzivgMilDahptrfQiGfmEDB/3btGajxKkGm+GMqQRaCi8r2MToy3N98BchWvbllPqNyI 39 198 nNweRRDM2oSiW7diBIjxm2VrpV4rUuEpWlRXeRH17fZy+3ZF/Tv9rjextD59El80U6iAXMbam5ht 255 140 36 Version 2.007 jt6QhBYKKkRw/u0Fey7DKMkrkSziKCagw0P9x9z5WyYJ+YU9g/mHypbC7sY7mPUIZmt3jtJJWjMq 157 AAIRAQMRAf/EAaIAAAAHAQEBAQEAAAAAAAAAAAQFAwIGAQAHCAkKCwEAAgIDAQEBAQEAAAAAAAAA R=0 G=104 B=55 This means that countries most affected by the pandemic and those with low per capita income and high unemployment will receive a larger envelope of funding. 51 39 188 PROCESS OSr5oiil8vahFLIsMbwsGlYqAu32vjDrUdqg5CUiBYbcX1ja9xswf8rPRkt7+X9IW1+3qRxMIYra 51 PROCESS By accepting you will be accessing a service provided by a third-party external to https://www.schumanassociates.com/. 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R=255 G=147 B=30 R=147 G=39 B=143 255 212 41 Schuman Associates is a Brussels-based, independent, consultancy with more than 30 years’ experience in European funding and public affairs. 102 R=212 G=20 B=90 5crZMM88/pxdd8r/AFIlbY3yi7HO+ZivOP8Aasj6QHGo/wBIHDx2rmRhrhlfd5fp/Q1ZLsftZmFk 0 R=51 G=51 B=51 RGB 63 Additionally, day 1 featured a resilience-focused breakout session, and two guest speaker presentations. /tR9nc3bXPntI7stdARVtzqTtFaqxnTkJGtuNmxCmQopkpsCF7xIFQ2+zn9u6R/F+tBxX3OPyA7a 153 128 uuid:feddfcf7-5a02-429f-8111-76b3295066a6 TYuBbgqxvJaSSXHMUavMAGntvmZ5gwFcvef7GiBJkSef4+KbQ6jpC/mRreoSajYLp8GmmG4kZbEJ rW3MP6Sc16NxFR9ONppYdPsChQ20RQsGK8FoWB5A0p15GuNlFLza2xcOYk5r9luIqPpxtNJUPKWk RGB 0 255 The implementation of the Facility will be coordinated by the Commission's Recovery and Resilience Task Force in close cooperation with the Directorate-General for Economic and Financial Affairs. oisnBnAo09rdvXlJyHFh06EE12WigZA0a+f6w4uokAeTyH/HGhco2GjyhoW5xfFpQCt7AaWNq706 o7TVe3VW/eXU0ZJeMv8A3wDUXYFRRtlgPpGx+cv0OJk5nf7k/wDy0svL0Gu3D2DD6wtuPQuJIdHQ ECSquareSansPro-BoldItalic heIa4CkliouJqEkk7/F7n78n4pY8ATGxsYrKH0o3kcE8i0rtIxJpXdjt8htkCbSBSuwJUgGhI64E RGB Hx8fHx8fHx8fHx8fHx8fHx8fHx8fHx8fHx8fHx8fHx8fHx8fHx8fHx8fHx8f/8AAEQgAXAEAAwER QF6nDX7u/wCl+hF+r4O/La6iuIdU9O4eYRXRjZTcSXiIyovJUmljiJFd/wBoe+HOKr3e5cZ5szyh The Facility for Recovery and Resilience: Strengths and Limitations (Ollivier Bodin) In a note published in April, we called for a fund of 2,000 billion euros over 7 years to help all EU Member States cope with the economic crisis we are going through. R=102 G=102 B=102 fmSSxWykgW4RtQkeGX1Ihwh+rXMIif1aEARy1359QMzMcQMIqO3Tb9P7GGovxjZo/IfLf73s4Z+7 Recovery and Resilience Facility RGB The Recovery and Resilience Facility brings a unique opportunity to mitigate the social and economic impacts of the crisis and to speed up the recovery in Europe. 230 179 The aim is to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient and better … 1OT0ZXWFlaW1xdXl9WZ2hpamtsbW5vY3R1dnd4eXp7fH1+f3OEhYaHiImKi4yNjo+Ck5SVlpeYmZ 77 France Croatia Italy Cyprus Latvia Lithuania Luxemburg Hungary Malta Netherlands Austria Poland Portugal Romania Slovenia Slovakia Finland Sweden EU 27 *30% allocation based on summer 2020 economic forecast (In million EUR, 2018 prices) Recovery and Resilience Facility – Grants allocation per Member State (2018 … PROCESS 201 VFZaYPzQ8y3baVclW0po9Qu/q0/pyikJaL1jKY5WZAPgWGpp9rY1kSfCiL69/wCPvYUOM7dGN3mm R=247 G=147 B=30 0 vZ/85JXlz6FPLMEYuhWBpNWhVdpFjPqs0I9EDnWslMuOgA/i+xrGp8vtZz5I/MabzLrN7pz2VtCl 77 zo08YQtGaeoscbiVTTjSbite/KmUw6+5sl0UZL8n8worMXL810eWZbTkd+VzGpka3ERTbiAJPUru R=204 G=204 B=204 On 18 December 2020, the European Parliament and the Council reached an agreement on the Recovery and Resilience Facility, the key instrument at the heart of NextGenerationEU. er2/R+hcd0zLKGx5x+bEV/JdaWtnGS7hklkU3qssbTQ8gslkQ6kj+b4fE0y7BKp0eVHu5/FlMROI lRI44xSNQg60UACv0YVMiebbuiIzuwVFBLMTQADckk4oWC4t2YIJULFeYUMKlfGnhhpbct1bO7Is 178 R=237 G=30 B=121 176 r9Syfy5fx61fakJtQkuLiGS1jmitNKrFG0iyVjdl9Rx+7rSTkDXcVpRExwgbfavDvf6k08haCmha PROCESS PROCESS 28 UN/x57/fSRAb/j9CG/wlp7N5FK20tI2Y3fwXFZaGLibomxrNQLX9+Ie9Ou0vFPr3/Hlv91o4B6fx RGB xmp.did:26f62608-c278-014f-b1e1-43d10b94eb0c This is something unprecedented in European history and direly needed, to help society to recover … RGB Red FD7iq9bDPaBo/b+PkwEfq5KS6MfU/L27+tadWIpFwFvYCeYF1eqcZjGqKB/x6liK13B2PH9Y3+38 R=117 G=76 B=36 EeYO5uGo1XKsnpNWpPQZUJVCJo7Hz/H6WZHqI8k3/JCNY/KEiieC4/0mSrW8dnCBsPhKWMk0P/Dc 57 JGaVJKilBt8O5z9TEiPL7KcLEd+f2pklzeG986xxXTGYxxkQtfMsdvyVkdvU+rFbU0X1OIeSlRVV eehYhWkW5b0l9P8Ae2YJl40oftU6GuSlKslgff3fNAHo5sl1PS7G7l0u49WFWsJ45YSIo35hhwpW 31 When adopted, it will roll out a €672.5 billion heavy investment programme during the coming years. 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R=158 G=0 B=93 PROCESS R=41 G=171 B=226 Recovery and Resilience Facility, digital finance and Capital Markets Union on finance ministers’ agenda Brussels, 05/10/2020 (Agence Europe) The Finance Ministers of the EU Member States will finally not meet in Luxembourg on Tuesday 6 October, as was envisaged for a while, but still by videoconference, due to the … bs+7zTT8nv0mfKznUuX1n6w9am/O1BSg1H9+P+I+HfI6muLb9H6E4brf8fNnOY7a8a8m/psecI1u / 128 RGB SSQwvIeQ+2UXl1pvgyZZcR3aYQFck1Xyr5WAYDSrIAih/wBAg3FQf5ch4s+8/NlwDuYj548o6C2q 4wb2/Hn+lrjjHCfx+hyeT4JfINomlWMbX4DFpLq3iS59MyOXHq3NhNJUV+EG3Bp0x8Y+IbO347j+ RGB 251 R=140 G=198 B=63 PROCESS 98 jHd936npHlO6sNL0qa7utI0C6dokMdpearpy3EaBmBVFs7FU5NXk1Ty+nbMTKDI0DL5H9JboGhyH KD1Li3s5GUb0Hp0Hid8hqpXL8frLLCKDPHAKkEVBBBB3FMxm14T5L8taJP5mt7qS1Z7SZBxt3t55 seW/nhqFtYW9jcTX81iVSUqYLma2ZqPGOsMU52LVFV+ZpXL9LAHJys1+Nv2pyX4JPTiHv69f2J/5 Vr+evkq5LCOO8+Hc1iQdf+emU6fX48pqNuD2ThOvyGGL6oi99vLz72XeWvM2neYrCS908SCGOUws R=63 G=169 B=245 RGB Yellow 56 It abolishes certain instruments, including all proposed funding for non-EU countries. PROCESS Q8mCsa+JFchLmyHJf5vDHyvqgWP1WNtIBFQtyJXpRSDvkDIgWOYb9Pw+JHj+mxf43YZ+Xh1c6jex PROCESS 238 As negotiators in the trilogues you are currently negotiating the legal framework for the Recovery and Resilience Facility (RRF). 169 UhS3jQ/GeiWrywD/AGDEfTXMXUfWfx97di+kMkv1RrG5VyoRonDFqBQCprWtRTKbrcNlW8t/LSGy The EU's Recovery and Resilience Facility will make €672.5 billion available in loans and grants to support reforms and investments undertaken by Member States. Latest Press release 27 January 2021 46 R=241 G=90 B=36 5Agq1PYEjFv02nlmyDHH6pMOb85/KABPC723/ul/5ryEsgiCT0dxn9m9TixynIx4Ygk792/coWn5 rCJo7u0vfrcclX4Uo0Nu69iKj+OY2bBwAG/sbYZOI0zbMdteG/8AOQfmLStJ1fT4L/SxqAu7VqN/ ECSquareSansPro-Italic 8vU/Qt0q2saGCb6lcg25Mm6yP9b/AHAFB8Mgkp16YmW09/tH6v1LW8dvx80NbafBJpHncnQblJry 237 ldr6DJoIxllqpGhW/wCpdB+dnk6aFZUjvOLdKxJXbb+fJw1MZQ4xybsHZOXLpfzMa8PhMvOo3f3K 26 iA9No+PfltmRX7yqHLuH62q/Rz6/jozLgx/Mq+i+tz1uNJZlsvXkCH97EhkWAQ8YyKAc1mJH8vxE 76 zIquydwrEgH/AIXMa254V5eu9M0rzvCup6lZaZa2ameS2votKgkE8lqkQWSWKdrgEKxI/dqeoJ40 Mr Pîslaru said that the basis of a good Recovery and Resilience Plan should be created together with citizens. 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Considering the grants envelopes alone, at least, Wait a minute, while we are rendering the calendar. vHtkNX9f9v6U4fpehHocxm55P5Gs0t/Nd9Gb63liEfK3iEVmjSqI4VkleWGk0nFiorwWhJU1ATLz R=0 G=113 B=188 eCRPjaoMUkk7pv2MjfPMPObmerkYx6QyDVFVtMu1avEwyBqVBoUPgR+vKWwA3tzeU/lnoNgvmC51 77 EC Square Sans Pro 66 Similarly, $1 in $3 spent on development assistance is wasted, due to limited focus on resilience investment (Global Resilience Partnership, 2018). ajVr6BDntQ1yn08A9/l+Pmz34j+1j9wPNZ8h6I0MjPL+kX+sljrYkeP1ZOJpyN2o47t61Y+ngMtH It is worth EUR 672.5 billion, with EUR 312.5 billion provided as grants and EUR 360 billion provided as loans (COM 2020b). 6V/gnSII/L96zfpd2igayupJI96yzBBdK8au4WjmQim3A7nLRI8Z3H094/UwIHCNurJhBpv+M/Nc 99 PROCESS R=83 G=71 B=65 RGB Magenta RGB v5GI+muYuo+s/j723F9IT/V1DaVeqRUGCUEfCeqH+f4fv2yqPNsJrd5B+WOngear25BiMUcJ+FrX cREQGk5Dr8B8H3+H6ceEra83VsGCmVAzNwC8hUtx5U+fEV+WNFNtxTwzBjFIsgUlWKkNRlNCDTuD Black It reduces the overall amounts of grants and guarantees and increases the amount of loans. 255 fciPyWvYrzyrPNDeS3sf1yULLNPLdFdlPATTwWsjBfdT8zjqhUuVbfjvThNhn+Yza8H0e/tD56gE The EU recovery fund – officially, the €750 billion Recovery and Resilience Facility – has been greeted as a positive, not just for the credit spreads of peripheral European government borrowers that may need to issue less but also for European equities and the euro itself in the FX markets. 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