Council greenlights the Netherlands’ and Czechia’s amended plans

The Council approved the Commission’s positive assessment of the Netherlands’ and Czechia’s amended recovery and resilience plans.

According to the analysis of the Commission, the targeted modifications put forward by both member states do not affect the relevance, effectiveness, efficiency and coherence of their recovery and resilience plans.

Netherlands

On 16 September 2024 the Netherlands submitted targeted amendments to its recovery and resilience plan. The plan is worth €5.4 billion in grants and loans.

Czechia

On 13 September 2024, Czechia submitted targeted amendments to its recovery and resilience plan. The plan is worth € 9.2 billion in grants and loans.

Background

The RRF is the EU’s large-scale financial support programme in response to the challenges the COVID-19 pandemic has posed to the European economy. It is the centrepiece of NextGenerationEU, a temporary recovery instrument that allows the Commission to raise funds to help repair the immediate economic and social damage caused by the pandemic.

To benefit from the facility, member states must submit recovery and resilience plans (RRPs) to the Commission, setting out the reforms and investments they intend to implement by the end of 2026.

So far, €648 billion have been committed to this end. To date, all RRPs have been approved, 70 payment requests have been received and €268 billion have been disbursed.