|Author (Corporate)||European Commission: Secretariat General|
|Series Details||COM (2020) 575|
Communication published by the European Commission on 17 September 2020, setting out the Annual Sustainable Growth Strategy for 2021.
This ASGS follows up on the previous one, which launched a fresh strategy based on the European Green Deal and the concept of competitive sustainability. The four dimensions of environmental sustainability, productivity, fairness and macroeconomic stability previously identified remain the guiding principles underpinning Member States' recovery and resilience and their national reforms and investments. This Strategy was also published in the context of the implementation of the Recovery and Resilience Facility, which is the key instrument of NextGenerationEU - the EU's overall investment plan to address the crisis caused by the COVID-19 (coronavirus) pandemic.
In order to benefit from the Recovery and Resilience Facility, Member States should submit their draft recovery and resilience plans outlining national investment and reform agendas in line with the aforementioned EU policy criteria. The Commission presented a Staff Working Document comprising additional guidance to Member States on how best to present their recovery and resilience plans together with a standard template for their plans.
The publication of the ASGS also launches a new European Semester cycle.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Economic Governance | Situation, European Semester|
|International Organisations||European Union [EU]|