Council Implementing Decision on the approval of the assessment of the recovery and resilience plan for France

Author (Corporate)
Series Details 10162/21
Publication Date 06/07/2021
Content Type , ,

Summary:

Council Implementing Decision - adopted by the Council of the European Union on 6 July 2021 - concerning the endorsement of an assessment to France's National Recovery and Resilience Plan (NRRP).

Further information:

National Recovery and Resilience Plans are prepared by the Member States of the European Union (EU) and comprise a package of reforms and investment initiatives to be implemented by 2026 and supported by the Recovery and Resilience Facility (RRF). These plans are assessed by the European Commission and approved by the Council of the European Union. The assessment is based on criteria set out in Regulation (EU) 2021/241 - also known as the RRF Regulation.

A positive assessment of the French NRRP was adopted by the Commission on 23 June. It recommends that the Council endorses the disbursement of €39.4 billion in grants under the RRF over the period 2021-2026. The Commission's analysis considered, in particular, whether the investments and reforms contained in France's plan support the green and digital transitions; contribute to effectively addressing challenges identified in the European Semester; and strengthen its growth potential, job creation and economic and social resilience.

The proposed Decision was endorsed by the Council of the European Union at a meeting on 13 July. The first €5.1 billion - equivalent to 13% of the grant and loan component of the country's financial allocation - was disbursed by the Commission on 19 August. On 26 November, France submitted a payment request based on the achievement of the 38 milestones selected in this Decision for the first instalment. The preliminary positive assessment was published by the Commission on 26 January 2022.

Source Link Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CONSIL:ST_10162_2021_INIT
Related Links
Official
Proposal for a Council Implementing Decision on the approval of the assessment of the recovery and resilience plan for France https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2021:351:FIN
EUR-LEX: SWD(2021)173: Staff Working Document accompanying the Proposal - Analysis of the recovery and resilience plan of France https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:173:FIN
European Commission: Recovery and Resilience Facility: National Recovery and Resilience Plans https://ec.europa.eu/info/business-economy-euro/recovery-coronavirus/recovery-and-resilience-facility_en#national-recovery-and-resilience-plans
European Commission: France’s recovery and resilience plan https://ec.europa.eu/info/business-economy-euro/recovery-coronavirus/recovery-and-resilience-facility/frances-recovery-and-resilience-plan_en
French Government: Agence France Trésor: French Recovery Plan https://www.aft.gouv.fr/en/french-recovery-plan
French Government: News, 03/09/2020: European aspects of France’s recovery plan https://www.gouvernement.fr/en/european-aspects-of-france-s-recovery-plan
European Commission: Press Release, 29/04/2021: Recovery and Resilience Facility: France submits official recovery and resilience plan https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2021
European Commission: Press Release, 23/06/2021: NextGenerationEU: European Commission endorses France's €39.4 billion recovery and resilience plan https://ec.europa.eu/commission/presscorner/detail/en/ip_21_3153
European Commission: Questions and answers: European Commission positively assesses France's €39.4 billion recovery and resilience plan (23 June 2021) https://ec.europa.eu/commission/presscorner/detail/en/qanda_21_3154
European Commission: Statement by President von der Leyen on France's recovery and resilience plan (23 June 2021) https://ec.europa.eu/commission/presscorner/detail/en/statement_21_3181
European Commission: Press Release, 19/08/2021: NextGenerationEU: European Commission disburses €5.1 billion in pre-financing to France https://ec.europa.eu/commission/presscorner/detail/en/ip_21_4225
European Commission: Press Release, 26/01/2022: NextGenerationEU: European Commission endorses positive preliminary assessment of France's request for €7.4 billion disbursement under the Recovery and Resilience Facility https://ec.europa.eu/commission/presscorner/detail/en/ip_22_576
European Commission: Questions and Answers on France's disbursement request under NextGenerationEU (26 January 2022) https://ec.europa.eu/commission/presscorner/detail/en/qanda_22_577
Commission Européenne: Déclaration par la présidente von der Leyen sur le premier paiement pour la France au titre de NextGenerationEU (26 janvier 2022) https://ec.europa.eu/commission/presscorner/detail/en/statement_22_629

News
BBC News, 03/09/2020: France in huge coronavirus recovery plan focusing on green energy https://www.bbc.co.uk/news/business-54009642
EurActiv, 27/04/2021: France and Germany unveil green recovery plans https://www.euractiv.com/section/economy-jobs/news/france-and-germany-unveil-green-recovery-plans/
Bloomberg, 27/04/2021: France Demands More From EU on Growth as U.S., China Race Ahead https://www.bloomberg.com/news/articles/2021-04-27/germany-and-france-present-united-front-to-reform-the-eu-economy
Reuters, 27/04/2021: France warns against slow rollout of EU recovery fund https://www.reuters.com/world/china/france-warns-against-slow-rollout-eu-recovery-fund-2021-04-27/
France24, 28/04/2021: France urges EU to expedite approval of pandemic recovery spending https://www.france24.com/en/business/20210428-france-urges-eu-to-expedite-approval-of-pandemic-recovery-spending
Euronews, 07/05/2021: France aims to spend €30 billion on decarbonising its economy https://www.euronews.com/2021/05/07/france-aims-to-spend-30bn-on-decarbonising-its-economy
EurActiv, 24/06/2021: Tensions grow in France over recovery plan cohesion policy clash https://www.euractiv.com/section/economy-jobs/news/tensions-grow-in-france-over-recovery-plan-cohesion-policy-clash/
EurActiv, 28/06/2021: Study: French recovery plan not enough to meet EU’s 2030 digital targets https://www.euractiv.com/section/digital/news/study-french-recovery-plan-not-enough-to-meet-eus-2030-digital-targets/

Commentary and Analysis
Bruegel: Blog, 29/04/2021: Setting Europe’s economic recovery in motion: a first look at national plans https://www.bruegel.org/2021/04/setting-europes-economic-recovery-in-motion-a-first-look-at-national-plans/
EPRS: Briefing, February 2022: France's National Recovery and Resilience Plan: Latest state of play https://www.europarl.europa.eu/thinktank/en/document/EPRS_BRI(2022)698929

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