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MNI BRIEF: Italy Receives Prefinance RRF Payment from Brussels

MNI BRIEF: EU Commission Ups Growth Outlook, Inflation Lags
(MNI) London

The European Commission on Friday disbursed EUR24.9 billion to Italy in pre-financing under the Recovery and Resilience fund, equivalent yo 13% of the grant and loan allocation available.

Italy, the Commission said, is one of the first countries to receive a pre-financing payment and it will help kickstart Rome's recovery measures. Italy is set to get EUR191.5 billion over the lifetime of the pla, EUR 68.9 in grants and EUR 122.6 billion in loans.

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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