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MNI BRIEF:EU Gentiloni Sees Start RRF Pre-Finance Ahead Summer

BRUSSELS (MNI)

EU Economic Affairs Commissioner Paulo Gentiloni on Friday expressed confidence that the 13% pre-financing element of the EU's Recovery Fund programme could start to be disbursed before the "summer pause".

The start of EU borrowing for the Recovery and Resilience Fund must await the ratification by EU national authorities of an increase in own resources, but officials have said recently that this should happen by end of June to early July.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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