So far, the EU Commission has received 69 requests for payment from 25 member states and disbursed over 267 billion euros, that is, over 40% of available funds from the Recovery and Resilience Facility. By the end of the year, another 300 billion euros of funds from such Facility, which is related to the NextGenerationEu programme launched after the pandemic years and has 648 billion euros available for the member states, are expected to be paid out. It is from the Recovery and Resilience Facility that Italy receives the funds it spends through its National Recovery and Resilience Plan (PNRR). The figures mentioned herein are contained in the third annual report by the EU Commission that has been adopted today. “The implementation of the Recovery and Resilience Facility (RRF), at the heart of the EU’s recovery instrument NextGenerationEU, is speeding up, fostering continuous reform and investment progress in Member States”, says the European Commission, which points out, however: “In view of the time-bound nature of the RRF, all efforts should stay focussed on the full and timely implementation of the plans by 2026”. The report contains a number of diagrams showing current progress in the implementation and reporting of the national plans. In the six policy pillars in which such financial facility is divided into, Italy turns out not to have exceeded the target of 50% of completed projects. Europe-wide, the EU Commission says, “Implementation and disbursements under the RRF have accelerated after some delays in 2023 largely linked to Russia’s illegal invasion of Ukraine, high inflation, supply constraints and the need to adopt REPowerEU chapters”.