Dep. Fin. Min.: Investments are accelerating with the second installment from the Recovery Fund

The arrival of the second tranche from the Recovery Fund will speed up investments but also strengthen Greece’s cash reserves. This was stated by the Deputy Minister of Finance, on the occasion of today’s second payment from the Recovery and Resilience Fund, amounting to 3.6 billion euros (subsidies: 1.72 billion euros and loans: 1.84 billion euros).

The announcement of Theodoros Skylakakis states in detail:

“With the arrival of the additional 1.84 billion euros, which entered the state coffers today, because we completed earlier than expected the milestones of the loan part of the National Recovery and Resilience Plan “Greece 2.0″, the cash reserves of the country are strengthened, as is the possibility for investments to proceed faster through the loan tool, than we had originally planned”.

Greece received pre-financing, amounting to 3.96 billion euros, from the Recovery and Resilience Fund, which was disbursed on 9.8.2021. On 8.4.2022 the disbursement of the first payment (3.6 billion euros) was made in the context of “Greece 2.0” and today (19.1.2023) the disbursement of the second payment. Consequently, the resources that have flowed into our country from this development tool exceed 11 billion euros.