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  1. Mid-term evaluation of the recovery & resilience facility
    strengthening our union through ambitious reforms & investments
    Published: 2024
    Publisher:  Publications Office of the European Union, Luxembourg

    The Recovery and Resilience Facility ('RRF') was established in February 2021 by Regulation (EU) 2021/241 (hereafter referred to as 'RRF Regulation') to help the Union recover from the COVID-19 crisis and is time-bound until 2026. The Facility was... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 338
    Inter-library loan:
    No inter-library loan

     

    The Recovery and Resilience Facility ('RRF') was established in February 2021 by Regulation (EU) 2021/241 (hereafter referred to as 'RRF Regulation') to help the Union recover from the COVID-19 crisis and is time-bound until 2026. The Facility was set up as a new, innovative, demand-driven performance-based instrument, providing direct financial support to Member States against the implementation of a combination of reforms and investments. Unlike other EU instruments (such as CRII, REACT-EU or SURE) that were set up for crisis management purposes, the RRF was created to address the unprecedent impact of the COVID- 19 crisis and make the Union more resilient and better prepared for the future. With an envelope of EUR 724 billion (in current prices), the scale of financial support is unprecedented in the Union's history. As required by the RRF Regulation, the purpose of this evaluation is to provide, at the half-way point, a mid-term assessment of how the RRF is delivering on its objectives, in particular to which extent the Facility has been providing financial support to Member States against the implementation of pre-agreed reforms and investments (specific objective) that promote the Union's economic, social and territorial cohesion (general objective). In line with the RRF Regulation (Article 32), it will assess in particular "to which extent the objectives have been achieved, the efficiency of the use of the resources and the European added value", as well as "the continued relevance of all objectives and actions" and "the implementation of the REPowerEU chapters and their contributions to the REPowerEU objectives". This mid-term evaluation covers the evaluation requirements set out in the RRF Regulation (Article 32(2)) and the five evaluation criteria set out in the European Commission's Better Regulation Guidelines and the Inter-institutional Agreement on Better Law- Making. In particular, it seeks to assess: (i) to which extent the objectives of the RRF have been achieved or progress has been made since the start of the implementation period (i.e. effectiveness); (ii) how do the costs and benefits of the Facility compare, including an assessment of potential unnecessary administrative burden and complexity (i.e. efficiency); (iii) to what extent the RRF is and continues to be relevant in view of its objectives, needs and new emerging challenges (i.e. relevance); (iv) the interplay between the RRF and other Union's policies and instruments (i.e. coherence); and (v) whether the RRF yield results that go beyond what could be expected by individual actions of Member States (i.e. EU-added value).

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789268042441
    Other identifier:
    Series: Array ; 269 (February 2024)
    Subjects: economic recovery; community resilience; EU financial instrument; added value; economic and social cohesion; financial regulation; investment; administrative formalities; economic development; crisis management; report
    Scope: 1 Online-Ressource (circa 226 Seiten)