The Council adopted on 11 February 2021 the regulation establishing the Recovery and Resilience Facility (RRF). The €672.5 billion facility - the heart of the Next Generation EU recovery instrument - will help member states address the economic and social impact of the COVID-19 pandemic.
The Recovery and Resilience Facility is designed to also ensure support for the green and digital transitions, enabling EU countries' economies to become more sustainable and resilient.