Lagarde: Reconciliation for the Recovery Fund at the end of the month


The 750 billion-euro Recovery Fund, intended to support countries most affected by the pandemic, would be a turning point, especially if part of this fund would be presented more in the form of subsidies than loans, the Bank President said. Central European, Christine Lagarde.

But, according to Lagarde, the Recovery Fund could be approved by European Union states after next week's summit.

"I would give assurances about this agreement at the end of the month to ensure a favorable outcome," Lagarde added.


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