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Global Trade Alert

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Spain: Second ICO loan guarantee line and a new strategic fund to support economic reactivation (COVID-19)

Description

On 3 July 2020, the Spanish government published Royal Decree-Law 25/2020 establishing the creation of a new fund with an initial budget of EUR 10 billion (approx. USD 11.2 billion) for providing fina...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

03 Jul 2020

Revocation date

31 Jul 2021

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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