Global Trade Alert
Global Trade Alert

Portugal: Introduction of loan guarantee scheme to support trade credit insurance undertakings

Announcement

31 Mar 2021

On 31 March 2021, the European Commission approved a loan guarantee scheme from Portugal to support credit insurers exposed to risks of trade payment defaults related to the current Covid-19 outbreak.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

31 Mar 2021

Revocation date:

No revocation date

Loan guarantee

On 31 March 2021, the European Commission approved a EUR 500 (USD 551) million loan guarantee scheme from Portugal. The aid will support credit insurers operating in Portugal for the insurance coverag...

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