Delphi Forum – N. Mantzoufas for Recovery Fund: Transparent investment stimulus program in Greece

The Director of the Special Service of the Recovery Fund, Nikos Mantzoufas, spoke about the Recovery Fund and how it will finance investments in Greece, at the Delphi Forum, which is under the auspices of President of the Hellenic Republic Katerina Sakellaropoulou.

When asked by the editorial director of Vima newspaper Zoi Tsolis about how the Fund will operate, Mr. Mantzoufas stressed that “it aspires to be and will be a transparent program to stimulate investment in Greece.” He added that the country, through the “Fund”, will have to manage 31 billion euros of additional resources that will be controlled, signaling an accountability to society and institutions.

But how will the state run such a large project when it is late to complete its own transformation? Mr. Mantzoufa’s answer was clear: “We know that it is a big bet in which there will be problems, however, we are seeing a tremendous acceleration in the digitization of the state, e.g. in urban planning, in AADE, in the vaccination program “.

He spoke about the transparency that will govern the investment programs of the “Recovery Fund”, saying that the first and last word will have the banks, to which 13 of the 18 billion euros of the Fund have been granted. This money will be circulated by the banks for investment projects, which they will control.

“We give full jurisdiction to the banks that will evaluate the investment because the goal is for the investments don’t end up as dead husks,” he noted.

Finally, he announced that small and medium-sized enterprises will receive at least 1.5 billion in the form of subsidies euros from the Recovery Fund.