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UAE: Central Bank of UAE launches TESS

Description

On 15 March 2020, the Central Bank of UAE launched the Targeted Economic Support Scheme (TESS) with a value of USD 69.7 billion (USD 13.6 billion). The amount allocated for TESS includes USD 13.6 bill...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

15 Mar 2020

Revocation date

30 Jun 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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