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EU Coronavirus Response Investment Initiative

The European Commission has set up the Coronavirus Response Investment Initiative (CRII) to help Member States fund their coronavirus crisis response.

Coronavirus Response Investment Initiative concentrates on the immediate mobilisation of structural funds, to allow for a prompt response to the crisis.

In this regard, a number of very important changes were introduced that extended the scope of support of the Funds, provided immediate liquidity and gave flexibility in programme amendments.

The first Coronavirus Response Investment Initiative package consists of three main elements:

1) €37 billion of European public investment

2) Maximum flexibility in applying EU spending rules

3) Access to the EU Solidarity Fund

To read full article, please, visit: https://www.adriatic-ionian.eu/2020/03/20/coronavirus-response-investment-initiative/

 

Source: https://www.adriatic-ionian.eu/