This will worry, if not surprise, some govts. First disbursement from recovery fund only at some point in 1H 2021, officials say, which wld be 10% pre-funding. Next tranche late 2021 or early 2022 provided reform milestones met. Raises qu. of how front loaded this will all be.

Official adds it will be “optimistic but realistic” for first money to be disbursed towards the end of 1H 2021. Will be after March/April for sure. Then it depends on whether the own resources ceiling increase has been approved by all member states/parliaments.

Wiser heads than I point out that the late 1H 10% disbursement was always clear from process. And that Commission can help in meantime with geared up unused funds from current budget period.