Recovery: EU detaches first 9bn check in Spain

BRUSSELS, AUGUST 17 – The European Commission today disbursed € 9 billion in pre-financing to Spain, equal to 13% of the country’s financial envelope under the Recovery and Resilience Facility. Payment of the first installment will help kickstart the implementation of key investments and reform measures outlined in Spain’s National Recovery and Resilience Plan. “The ambitious plan will provide a crucial push to make the green transition a reality, further digitize the economy and make Spain more resilient than ever,” writes EU Commission President Ursula von der Leyen on Twitter. (HANDLE).


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