Italy’s fourth payment request, which is worth €16.5 billion, relates to 21 milestones and seven targets covering several reforms in the areas of social inclusion, public procurement, as well as follow-up measures to continue the implementation of the already adopted justice and public employment reforms. The main investments covered by this payment request are related to digitalisation, particularly concerning the transition of local public administrations’ data to the cloud, the development of the space industry, green hydrogen, transport, research, education and social policies.
Italy’s overall recovery and resilience plan is financed by €69bn in grants and €122.6bn in loans. Payments under the Recovery and Resilience Facility are performance-based and contingent on Italy implementing the investments and reforms outlined in its recovery and resilience plan.
The Commission will now assess the request and will then send its preliminary assessment of Italy’s fulfilment of the milestones and targets required for this payment to the Council’s Economic and Financial Committee.
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