By Sara Rossi and Alessia Pe
MILAN, April 3 (Reuters) - Significant delays in Italian
efforts to meet the targets in its pandemic Recovery Plan would
likely lower the country's medium-term growth prospects, with a
negative impact for its credit rating, Scope Ratings said on
Monday.
The European Commission has frozen an overdue
19-billion-euro tranche of post-pandemic funds under its Next
Generation EU (NGEU) programme, and Italy has until the end of
April to persuade Brussels to release the money.
"The timely implementation of NGEU-related reforms and
investments is critical to raise the country's medium-term
growth prospects, and thus ensure the sustainability of its
public finances," Scope Ratings analyst Alvise Lennkh-Yunus said
in comments emailed to Reuters.
"Significant delays in the implementation of reforms or
investment projects would thus likely lower Italy's medium-term
growth prospects, which would be negative for the country's
credit rating."
(editing by Gavin Jones)
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