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On Tuesday, MEPs adopted the new InvestEU programme, which will mobilise public and private investments and guarantees simplified access to financing. Parliament endorsed the provisional agreement reached with the Council with 496 votes in favour, 57 against and 144 abstentions. With €26 billion (in current prices) set aside in the EU budget as a guarantee, InvestEU is expected to mobilise €400 billion to be invested across the European Union from 2021 to 2027. The new programme is part of the €750 billion Next Generation EU recovery package, and will foster strategic, sustainable and innovative investments and address marke ....
On Wednesday, Parliament approved the Recovery and Resilience Facility, designed to help EU countries tackle the effects of the COVID-19 pandemic. ....
The Technical Support Instrument will help EU countries prepare the recovery plans needed to access funding from the Recovery and Resilience Facility. ....