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Canada First imminent invitation to tender for the EU recovery plan

14:45  08 june  2021
14:45  08 june  2021 Source:   pressfrom.com

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EU-Relation-Obligations: first imminent invitation to tender for the EU recovery plan

PREMIÈRE ADJUDICATION IMMINENTE POUR LE PLAN DE RELANCE DE L'UE © Reuters / Yves Herman First imminent invitation to tender for the recovery plan of the 'EU

(Reuters) - The first invitation to tender for the financing of the European Union's recovery plan is imminent, according to a head of the European Commission.

The EU asked last week to 11 of the financial institutions empowered for this type of transaction ('primary dealers') to submit proposals for this first transaction, said Tuesday Niall Bohan, a member of the Budget Branch. The European Commission, at a meeting with investors.

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An agreement should intervene "in the coming days," he said.

The EU plans to raise around 800 billion euros by bond emissions to finance both the 750 billion euro recovery plan launched in the face of the coronavirus crisis and the 90 billion euros of the SURE program Compensation for partial unemployment in the Union, launched last October.

The amount issued this year is expected to reach 80 billion euros, with two unionized emissions expected before the end of July.

up to 30% of the total amount of the stimulus plan, which provides for the granting of aid and loans to the Member States, will be lifted through the Green Bond ('Green Bonds') bias targeting the financing of Investments favorable to the environment.

(Yoruk Bahceli, French version Patrick Vignal, edited by Blandine Hénault)

Coronavirus: The pandemic plunged 100 million more workers in poverty, according to the UN .
The International Labor Organization thinks it will require a significant effort to recreate the jobs lost © Prakash Singh / AFP During a food distribution at homeless New Delhi in India, a country hard hit by the pandemic.

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