Recovery and Resilience Facility (2020-2024) – mid-term evaluation
Publish date: Thursday, 10 November 2022
The Recovery and Resilience Facility (RRF) was established in February 2021 by Regulation (EU) 2021/241 to help the Union recover from the covid-19 crisis and is time bound until 2026. The Facility was setup as a new, innovative, demand-driven performance-based instrument, providing direct financial support to Member States against the implementation of a combination of reforms and investments. With an envelope of EUR 723 billion [in current prices] (EUR 338 billion in grants and EUR 385 billion in loans), the scale of financial support is unprecedented in the Union’s history.
This evaluation will assess its implementation at the halfway point. In particular, it will examine the effectiveness, efficiency, coherence, and relevance of it progress in achieving the RRF Regulation’s objectives and to what extent it has created EU added value.