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Regulation (EU) 2020/2221 amending Regulation (EU) No 1303/2013 as regards additional resources and implementing arrangements to provide assistance for fostering crisis repair in the context of the COVID-19 pandemic and its social consequences and for preparing a green, digital and resilient recovery of the economy (REACT-EU).

Country
Type of law
Legislation
Source

Abstract
This Regulation makes several amendments by laying down rules and implementing arrangements regarding the additional resources provided as Recovery Assistance for Cohesion and the Territories of Europe (‘REACT-EU’) to provide assistance for fostering crisis repair in the context of the COVID-19 pandemic and its social consequences and for preparing a green, digital and resilient recovery of the economy. Under REACT-EU, an additional financial support will be made available to support those Member States and regions that are most affected by crisis repair in the context of the COVID-19 pandemic and its social consequences and Member States should use the REACT-EU resources primarily to support access to the labour market and social systems, through job creation and quality employment, in particular for people in vulnerable situations, and for social inclusion and poverty eradication measures.
Date of text
Entry into force notes
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
Repealed
No
Serial Imprint
Official Journal of the European Union L 437, 28 December 2020, pp. 30-42.
Source language

English

Legislation Amendment
No