EC finalizing assessment of 4th NRRP installment

(ANSA) - ROME, NOV 23 - The European Commission is finalizing its assessment of Italy's request for the fourth installment of payment for its National Recovery and resilience Plan (NRRP), worth 16.5 billion euro, a spokesperson said on Thursday.
    "On the request for the fourth instalment of payment" under the NextGenerationEU programme established by the European Union to help member states recover from the Covid-19 pandemic, with resources to be deployed in the period 2021-2026 period, "the Commission continues its constructive dialogue with the Italian authorities," the spokesperson said.
    "In recent days we have adopted our assessment of the recovery and resilience plans of a number of countries. We expect to conclude the one on the revised Italian NRRP very soon and we will communicate the outcome of our assessment as we always do for each Member State," she added.
    In October Italy received the third installment of funding worth 18.5 billion euro for implementation of the NRRP.
    The revised plan presented by the government before the summer and now being examined by European Commission experts also includes a separate 2.76-billlion-euro submission requested under the RePowerEU programme containing measures to help end Italy's dependence on Russian fossil fuels and fast forward the green transition.
    European Affairs Minister Raffaele Fitto has said the fourth installment worth 16.5 billion euro should arrive before the end of the year, although there are still a number of hoops to go through first. (ANSA).