Italy set to get first tranche of NRRP cash from EU

(ANSA) - ROME, APR 13 - Italy is set to get the first tranche of European Union funds for its 200-billion-euro post-COVID National Recovery and Resilience Plan (NRRP), European Commission President Ursula von der Leyen tweeted Wednesday.
    "Buone notizie per l'Italia", she said in Italian, meaning "Good news for Italy".
    "The first payment under #NextGenerationEU - €21 billion for Italy - is now on its way. Complimenti all'Italia.
    #NextGenerationEU is the opportunity of a generation," tweeted the EC chief.
    Under the NextGenerationEU programe, the first time the EU members have mutualised debt, Rome is getting the biggest single lot of a vast fund to revive economies after the COVID pandemic.
    Rome is implementing key reforms in exchange for the cash including cutting red tape and speeding snail-paced justice to make the country more attractive for business. (ANSA).