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The Recovery and Resilience Facility: Can effective oversight bring about true reform?

25-05-2021

The Recovery and Resilience Facility: Can effective oversight bring about true reform?

WATCH THE RECORDING HERE




Member States are in the process of submitting their recovery and resilience plans that set out a coherent package of reforms and public investment projects. To support them in their emergence from the COVID-19 pandemic, the European Commission presented its plan for a more resilient European economy: the Recovery and Resilience Facility (RRF). This key instrument, at the heart of NextGenerationEU, is expected to mitigate the economic and social impact of COVID-19.

Because of its magnitude (€672.5 billion), rapid deployment (6 years) and innovative financing and implementation mechanisms, the RRF will pose significant new challenges to the EU and Member States, namely in terms of oversight and fraud prevention and control. It also raises important questions about how far conditionality should go and whether such large amounts of money will contribute to true reform.

How will the funds be used? How to ensure that they will be implemented in a transparent way? Join this EURACTIV Virtual Conference to discuss the economic and social reforms needed for the EU to overcome the crisis. Questions to be discussed:

- How can the RRF result in fundamental reform?
- What measures are in place to prevent fraud in the RRF? Will urgency in deployment result in weaker budgetary control? What is the best system for effective oversight?
- How can the RRF 're-balance' the EU´s cohesion, further to the COVID crisis increasing the gap between countries?
- What are the best approaches to RRF implementation? How strictly should conditionality be imposed?


WATCH THE RECORDING HERE


Supported by:

Location

Online

Panellists

Luc Tholoniat, Director for the Economies of the Member States, DG Economic and Financial Affairs, European Commission

Nathalie Berger, Director Support to Member State Reforms, DG for Structural Reform Support (REFORM), European Commission

Ivana Maletic, Member of Chamber IV Regulation of markets and competitive economy, European Court of Auditors

Eulalia Rubio, Senior Research Fellow Jacques Delors Institute

Ana Costillas, Spokesperson, Recover Portugal

Moderator

Jennifer Baker, Journalist, EURACTIV

Schedule

09:30 – 09:35 Welcome
09:35 – 09:45 Panellist statements
09:45 – 10:40 Discussion and Q&A
10:40 – 10:45 Closing statements

Contact

Simona Ovesea
simona.ovesea@euractiv.com
+32 (0)2 788 36 86

Related article

COVID recovery money comes with strings attached, say EU officials

COVID recovery money comes with strings attached, say EU officials

Tough control mechanisms will allow the EU to claw back misspent funds from the bloc’s ambitious Recovery and Resilience Facility (RRF), EU officials said at an event organised by EURACTIV on Tuesday (25 May).