NextGenerationEU at IIM
NextGenerationEU is a temporary European recovery instrument endowed with more than 750,000 million euros that helps to repair the immediate economic and social damage caused by the coronavirus pandemic.
The aim of the Next Generation EU funds is to create a Europe that is greener, more digital, more resilient and better adapted to current and future challenges. The budget is intended to promote modernization through research and innovation; just climate and digital transitions; and preparing, recovering and resilient to future challenges.
Now is the time to work to create a greener, more digital and more resilient Europe.

The two largest volume instruments in the Next Generation EU are as follows:
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The Mecanismo de Recuperación y Resiliencia (MRR), constitutes the core of the Recovery Fund. Its purpose is to support investment and reforms in Member States for a sustainable and resilient recovery, while promoting the EU's green and digital priorities.
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The Fondo REACT-EU, operates as a structural fund, but with greater flexibility and agility in its execution. REACT-EU will promote the green, digital and resilient recovery of the economy.
Next Generation EU will also provide additional funds to other European programs or funds, such as the Fondo Europeo Agrario de Desarrollo Rural (FEADER) and the Fondo de Transición Justa (FTJ).

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