Bonds to fund NextGenerationEU

Bonds to fund NextGenerationEU

The European Commission on Friday announced plans to issue 50 billion euros of European Union bonds to finance the NextGenerationEU recovery program between July and December.

The funds for the temporary recovery instrument were aimed at supporting member-states’ economic recovery from the coronavirus pandemic and helping build a greener, more digital and more resilient Europe.

To finance NextGenerationEU, the European Commission aims to raise around €800 billion from capital markets for the period between mid-2021 and the end of 2026. [Xinhua]

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