Published by Global Banking & Finance Review®
Posted on June 4, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleThe EU Commission urges governments to expedite reforms to fully utilize the Recovery Fund's 335 billion euros before the 2026 deadline.
BRUSSELS (Reuters) -The European Commission urged EU governments on Wednesday to speed up the implementation of reforms and investments so that they manage to spend the billions of euros still available to them in the EU's Recovery fund before the August 2026 deadline.
EU governments have some 750 billion euros available to them, in grants and cheap loans, to spend on making their economies greener and more digitalised under the EU's Recovery and Resilience Facility (RRF) -- a joint borrowing programme to rebuild economies after the pandemic.
So far, the Commission has disbursed 315 billion euros of the total as governments have met over 2,000 agreed milestones and targets that the EU payouts depend on.
The deadline for meeting all the agreed milestones and targets is on August 31, 2026.
"With these deadlines fast approaching, and more than 335 billion euros in funding still available to Member States, it is vital to accelerate the implementation of the RRF," the Commission said.
(Reporting by Jan Strupczewski)
EU governments have approximately 750 billion euros available in grants and cheap loans under the Recovery and Resilience Facility.
The deadline for meeting all agreed milestones and targets is August 31, 2026.
So far, the European Commission has disbursed 315 billion euros as governments have met over 2,000 agreed milestones and targets.
With more than 335 billion euros in funding still available, it is vital to accelerate the implementation of the Recovery and Resilience Facility as deadlines approach.
The Recovery and Resilience Facility aims to support EU governments in making their economies greener and more digitalized.
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