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Portugal: SPGM introduces EUR 1 billion scheme to support SMEs in the context of the Covid-19 pandemic

Description

On 30 July 2020, the Portuguese development institution Garantia Mútua (Garval) took part in SPGM's EUR 1 (USD 1.1) billion state loan scheme to support Portuguese SMEs dealing with the economic conse...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

30 Jul 2020

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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