Global Trade Alert
Global Trade Alert

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

Announcement

03 Jul 2020

In July 2020, the Spanish government announced further urgent measures oriented to support economic and employment reactivation. Among these measures, there is the approval of a second line of loan guarantees for an amount of EUR 40 billion (approx. USD 45 billion), as well as the creation of a new fund for strategic enterprises with an initial budget of EUR 10 billion (approx. USD 11.2 billion). 

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Jul 2020

Revocation date:

31 Jul 2021

Updated: 03 Jul 2020
Capital injection and equity stakes (including bailouts)
<p>On 3 July 2020, the Spanish government published Royal Decree-Law 25/2020 establishing&nbsp;the creation of a new fund with an initial budget of EUR&nbsp;10 billion (approx. USD 11.2 ...
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Implementation date

03 Jul 2020

Revocation date:

No revocation date

Updated: 03 Jul 2020
Loan guarantee In force
<p>On 3 July 2020, the Spanish government published Royal Decree-Law 25/2020 approving a new loan guarantee line for an amount up to EUR 40 billion (approx. USD 45 billion) to be channelled thro...
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