EU funds could be expected in late spring or summer, European Commissioner for Economy and former Italian Prime Minister Paolo Gentiloni told the Rome Investment Forum 2020 in reference to the Next Generation EU fund, adding that “the final decision was made last week, so the funds will arrive in late spring or summer.” “The initial idea was to have a first approval of the plan in late spring, so that we could disburse the first €20 billion for Italy”, the former PM told participants at the event organised by Italy’s Banking, Insurance and Finance Federation (FeBAF) “No one is late on the EU Recovery Fund”, said Gentiloni. “We have received a draft proposal from the member states and I’m sure we’ll have a draft and then the final proposal from them by January”, he added.