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Friday, January 27, 2023
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GreeceBusinessGreece receives more than 11 bln euros from RRF

Greece receives more than 11 bln euros from RRF

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Greece completed earlier than expected the landmarks of the borrowing actions in the framework of the National Recovery and Resilience Plan “Greece 2.0”, after the disbursement of the second payment from the RRF worth 3.6 billion euros (1.72 billion subsidies and 1.84 billion in loans), Finance Alternate Minister Theodore Skylakakis said on Thursday.

In a statement, Skylakakis said that the disbursement of the additional 1.84 billion euros boosted the country’s cash reserves and allows the country to move faster the investment programme through the loan tool.

Greece received an advance payment of 3.96 billion euros from the Recovery and Resilience Fund in August 9, 2021 and the first tranche (3.6 billion) was disbursed on April 8, 2022, raising the total sum of funds receivved from RRF to more than 11 billion euros.

SOURCE; ANA-MPA

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