Dáil Éireann Debate, Thursday - 1 April 2021
87. Deputy Michael Fitzmaurice asked the Minister for Finance if Ireland will be applying for loans under the EU recovery and resilience facility; if so, the amount that will be applied for; the potential interest rate and terms in this regard; and if he will make a statement on the matter. [17795/21]
View answerThe Recovery and Resilience Facility makes provision for lending by the European Commission to Member States.
Member States must submit an application for a loan to the European Commission before 31 August 2023 (for approval by the European Commission prior to 31 December 2023). No information of the loan terms and conditions is available at this stage.
Consideration of whether Ireland should seek to avail of the loan element will take place when the relevant information on loans becomes available from the European Commission.
