Auditors warn of delays in EU's pandemic recovery fund
Auditors warn of delays in EU's pandemic recovery fund
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NewsTranscript
00:00A spending watchdog warned the billions of euros allotted for European Union or EU states
00:05to help boost their economies after being affected by the pandemic is not reaching residents
00:10and businesses fast enough.
00:12The EU created an 800 billion euro or an equivalent of a 900 billion dollar fund called Recovery
00:18and Resilience Facility or RRF during the COVID-19 pandemic, largely financed through
00:24borrowing by the union.
00:26The European Court of Editors or ECA said so far EU nations have only been able to access
00:32less than a third of the RRF by the end of 2023.