EUROPEAN UNION SUPPORT PROGRAMS IN THE PROCESS OF RECOVERY, RESILIENCE AND SUSTAINABILITY OF THE ECONOMIES OF THE MEMBER STATES

On 11 February 2021, the Council of the European Union adopted the Regulation establishing the Recovery and Resilience Mechanism. The funds will support Member States in coping with the economic and social impact of the COVID-19 pandemic, while ensuring that their economies make the green and digital transition, becoming more sustainable and resilient. As a general rule, EU countries have until 30 April 2021 to submit their national recovery and resilience plans in which they set out their reform and investment agenda by 2026. In our paper, we aim to present two of the support programs in the post-pandemic recovery and resilience process and with a direct impact on the economies of the Member States. Moreover, given that current financial commitments have a direct impact on future generations, we also highlight the green bond process, a financing instrument with an impact until 2058.