EU leaders obligated the European Commission to prepare a proposal for the establishment of the European Recovery Fund dedicated to provide economic support after the crisis caused by the COVID-19 outbreak.
The targeted concept of the Recovery Fund is endorsed by Poland. Prime Minister Mateusz Morawiecki pointed out that it is necessary to mobilise loan money from the market as specified by the European Commission in the Roadmap for Recovery as well as that the EU budget needs new money, which will be used to provide non-repayable aid.
In addition, the Poland’s opinion emphasized that the Fund should be open for all Member States. At the same time, Poland is in favour of a more ambitious shape of the EU’s multi-annual budget itself, especially with regard to cohesion policy, which – due to its investment nature – may be one of the tools to overcome the crisis caused by the pandemic.
It has been the fourth video meeting of this kind since 10 March.