Mar 8 β€’ 16:56 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

Recovery Fund: Another assessment begins - Goal is not to lose a single euro

Greece is starting another evaluation of its National Plan 'Greece 2.0' this week to ensure effective use of EU recovery funds and to avoid losing any upcoming disbursements.

As Greece approaches the completion of its Recovery Fund by the year-end, a fresh evaluation is set to commence this week to assess the implementation of the National Plan 'Greece 2.0'. High-ranking officials from the European Commission will carry out the assessment, ensuring that all measures are in place to maintain the flow of recovery funds to Greece. While the possibility for further revision of the plan exists, Greek officials express a preference to avoid such changes, focusing instead on the execution of the existing framework.

Greece has been performing well in utilizing the recovery resources compared to other EU member states. So far, 23.4 billion euros have already been disbursed, and with recent requests, the total is expected to approach 25 billion euros, making up approximately 68% of the total amount Greece can receive from the Recovery Fund. This effective management of funds highlights Greece's commitment to its recovery goals and the importance of adhering to the established timelines for future requests.

With additional requests for funding planned for the eighth and ninth applications by the end of the year, Greece remains focused on ensuring a seamless process for accessing recovery funds. This ongoing evaluation not only aims to secure the current financial support but also reflects Greece's strategic approach to bolster its economy through the successful implementation of recovery initiatives.

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