Italy to request 5th installment of EU recovery fund

ROME, Dec. 19 (Xinhua) -- Italy said on Tuesday it is on course to formally request the fifth installment of the European Union (EU)'s post-COVID recovery fund from the European Commission by the end of this year.

Italian Prime Minister Giorgia Meloni said in a statement that the government is progressing towards fulfilling 52 new targets required to qualify for the fifth tranche of the fund, amounting to 10.5 b