Ful on engines must put government and banks to absorb the resources of Recovery fund Until the year in August so that not a single euro is lost.
With the request for the sixth installment submitted by the Government in July, our country has implemented 47.9% of the mountains that had been put in the Greek recovery plan “Greece 2.0” (performance better than the European average of 33%) and remain until the end of August 2026. The largest number of these to get the next three doses (7th, 8th and 9th) will be implemented by the Ministries of Finance (23), Health (15), Infrastructure (15) Development (14) and Social Cohesion (14).
Meanwhile, the borrowings of the Banks’ recovery fund loans have slowed significantly. The last request filed by the European Commission was only for the subsidy side, with the demand for the loan side expected to be submitted by the end of September, with the completion of the assessment of Greece’s 6th installment request.
Implementation of the program slows significantly, with the risk of not achieving the goals for disbursements, as bank executives report. The loan contracts signed by June 30 amounted to about 6.5 billion. Euro and the disbursements were half (3.2 billion euros). 6.5 billion. EUR contracts correspond to 522 loans, with a total investment budget of 14.7 billion. euro, of which 6.5 billion. Euro will be funded by resources of the recovery fund and 4.8 billion. euro with bank loans. These amounts have been disbursed 3.2 billion. euro from the recovery fund and 2.4 billion. euro from banks. It is noted that the target provided for $ 9 billion in contracts. euro. Even more difficult to impossible is the next target to submit the 7th installment at the end of the year, which provides that loan contracts should have been up to $ 11 billion. euro.
In addition to contracting, loan disbursements are very late. And this is first to do with the maturity of investment projects, as disbursements follow the progress of the work. In addition, the big projects that have given rhythm to disbursements until recently have been exhausted and their “gap” will have to fill smaller projects. To this are the delays due to spatial planning and building regulation, etc. Banks reports that there are smaller projects in the tourism industry running or are in the queue for implementation, while there are no projects in the processing industry that is essential if the aim is to change the productive model of the Greek economy.
To date, Greece has successfully completed 5 payment requests and the total amount of disbursements from the resources of the Recovery and Resilience Fund is € 21.3 billion, exceeding 59% of the total budget of the National Plan “Greece 2.0”. With the completion of the 6th request, total disbursements to Greece will now amount to EUR 23.4 billion, ie 65% of the total resources it, while disbursements in particular of grants will reach € 12.04 billion, ie 66% of the available resources.