This review provides a comparative analysis of
cohesion policy funds and the Recovery and
Resilience Facility (RRF).
The two instruments have considerable similarities,
but also differ in many respects. The cohesion policy
is the EU’s main long-term investment policyto
promote economic, social and territorial
development, while the RRF is an ad hoc, temporary
‘crisis response’ tool. It aims to mitigate the impact
of the COVID-19 pandemic on the EU economy and
to enhance the resilience of the EU and its Member
States against future shocks.
Both the 2021-2027 cohesion policy funds and the
RRF are still in their early stages of implementation.
In the coming years, simultaneous deployment of
the two instruments will show how their different
approaches achieve their respective objectives.