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Step closer to recovery funds: Technical Support Instrument agreed

The Technical Support Instrument will assist EU countries to prepare their recovery and resilience plans, required to access funding from the Recovery and Resilience Facility.

The text agreed on Tuesday by negotiators from Budgets and Economic and Monetary committees with the Council provides that the Technical Support Instrument (TSI) will support economic recovery after and beyond the COVID-19 pandemic, by promoting economic, social and territorial cohesion as well as digital and green transitions including biodiversity and implementation of climate targets. The reforms supported by the instrument should effectively address the challenges identified in the adopted country-specific recommendations.

Specific objectives and actions

The TSI will assist national authorities in preparing, amending, implementing and revising their national plans. The text sets out a list of key actions to be carried out, such as digitalisation of administrative structures and public services, in particular healthcare, education or the judiciary, creating re-skilling policies for the labour market and building resilient care systems and coordinated response capabilities.

TSI budget and implementation

The overall budget of the TSI will be EUR 864 400 000 in current prices. In order to receive technical support, a member state should submit a request to the Commission by 31 October of a calendar year, identifying the policy areas they will focus on.

To ensure timely availability of resources and immediate response in case of urgency or unforeseen events, up to 30% of the yearly allocation should be reserved for special measures.

Transparency

For the purposes of democratic accountability and visibility, Parliament obtained to receive annual implementation reports from the Commission as the Council. A single online public repository will provide information on the actions under TSI.

Click here for the full press release

 

Original article link: https://www.europarl.europa.eu/news/en/press-room/20201214IPR93930/step-closer-to-recovery-funds-technical-support-instrument-agreed

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