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Global Trade Alert

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Spain: Further EUR 40 billion injected to guarantee schemes (COVID-19)

Description

On 05 August 2020, the EU approved an amendment to the Spanish aid measure (see related state act) for a total budget increase of EUR 40 billion (approx. USD 47.5 billion). The two guarantee schemes n...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Aug 2020

Revocation date

31 Dec 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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