Finance ministers to continue discussions on the Recovery and Resilience Facility - Main contents

At the meeting of the Economic and Financial Affairs council, which will be held on 5 October 2021 in Luxembourg and will be chaired by Minister of Finance Andrej Šircelj, finance and economy ministers are expected to continue with the adoption of the Council implementing decisions on the approval of the assessments of recovery and resilience plans.

Ministers will exchange views on the state of implementation of the Recovery and Resilience Mechanism and are expected to approve the Maltese recovery and resilience plan. In addition, they will also discuss the revision of the prudential rules for insurance and reinsurance companies, which will be presented by the European Commission. This will be followed by an exchange of views on the forthcoming European Semester and how it could be adapted to allow for the implementation of the Recovery and Resilience Mechanism, as well as on the implementation of the European instrument for temporary support to mitigate unemployment risks in an emergency (SURE).

Additionally, ministers will continue preparing for the meeting of G20 finance ministers and central bank governors, and the IMF annual meetings. They are also expected to approve the conclusions on climate finance ahead of the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26).