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Banco de Fomento's IFIC loses 64 million with PRR reprogramming (eco.sapo.pt)

· 69d ago · Report · Spotlight this ·

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PRR reprogramming approved by Brussels on Monday
IFIC of Banco de Fomento reduced by 64 million euros
Original increase from March proposal scaled back

"The reprogramming of Portugal's Recovery and Resilience Plan (PRR), approved by Brussels on Monday, reduces the planned increase for the Banco de Fomento's IFIC (Financial Instrument for Innovation and Competitiveness) by 64 million euros compared to the March proposal."

#PRR reprogramming #IFIC budget cut #Banco de Fomento

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