REACT-EU recovery assistance

In light of the coronavirus pandemic, the European Commission proposed the REACT-EU package for the regions most hit by the crisis. It will mobilise additional resources of €47.5 billion and offer flexibility for Member States to address the coronavirus-related challenges using EU funds. It also complements two previous Coronavirus Response Investment Initiatives delivered through cohesion policy. The European Parliament is expected to vote during its December plenary session to adopt its first-reading position on the proposed regulation, confirming the compromise political agreement reached with the Council in November.