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Chile: Government capitalizes fund to provide loan guarantess for SMEs in response to the COVID-19 outbreak

Description

Law 21229 adopted by the Executive of Chile on 24 April 2020, also applies to exporters. Concretely, the capitalization of the Guarantee Fund for SMEs (i.e FOGAPE by its Spanish acronym) with USD 3,00...

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Intervention Details

Intervention Type

Export subsidy

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

24 Apr 2020

Revocation date

30 Apr 2021

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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