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MEPs approve €6.2 billion to tackle crisis and speed up vaccine deployment

Christian Fernsby ▼ | September 18, 2020
Cohesion funds will be topped up with €5.1 billion to ensure that requests for reimbursements from member states for actions taken under the Coronavirus Response Investment Initiative Plus (CRII+) can be covered.
MEPs   Brussels
The CRII+ was created to relax the cohesion spending rules to increase flexibility, whereas the CRII redirected unspent money from the EU budget to tackling the coronavirus crisis.

Topics: MEP

The vaccine-related €1.1 billion will increase payments for the Emergency Support Instrument (ESI), a significant part of which is used to secure the production of vaccines in the EU and sufficient supplies for its member states.

This is part of the European Commission’s coronavirus vaccine strategy.