The national recovery and resilience plans that make up are meant to guide investments that will help EU countries recover from the covid-19 pandemic. They focus on achieving climate neutrality and accelerating the digital transition.

Luxembourg was allocated €93m in grants, shows the . Its larger neighbours have had larger amounts of grants and loans approved or pending--€5.92bn for Belgium, €39.37bn for France and €25.61bn for Germany.

Ireland--a bigger country than Luxembourg, but one that is also a key player in the financial sector--has had €990m in grants and loans approved or pending. Southern European countries have had large amounts of grants and loans approved as well--€69.51bn for Spain and €191.48bn for Italy.

In terms of the amounts that have already been disbursed to countries, Spain and Italy also lead the way. In Spain, 44.7% of the grants and loans have been paid out, and in Italy, 34.9% has been paid out.

This figure is close to the one in France, where 31.8% of the recovery plan grants and loans have been paid out. Belgium and Luxembourg have both received 13% of their funds, while Germany has received even less--8.8%.

Luxembourg’s recovery plan grants make up 0.1% of its national GDP in 2019. This is close to the figure for Ireland (0.3%). Germany’s grants and loans make up 0.7% of its national GDP, Belgium’s grants and loans make up 1.2% of its GDP and France’s grants and loans make up 1.6% of its GDP. In Italy, the figure is much higher--10.7%.

The grand duchy’s will help Luxembourg become more sustainable. 61% of the plan will help support climate-related goals and 32% will support the digital transition. NextGenerationEU could create 830 jobs in the country, as well as lead to an increase of 0.5 to 0.8% in the country’s GDP by 2026, according to the parliament. Luxembourg will also benefit from the resilience plans of other countries via “spillover” effects, such as exports.