Second €1 Billion Tranche Activated of Export Credit Agency’s Loan Cover Facility
After the first €1 billion tranche of the Covid-19 insurance cover facility of the Spanish Export Credit Agency (CESCE) for working capital loans was activated in April 2020, the second €1 billion tranche was recently activated. The deadline for submitting applications is 18 September.
The purpose of this facility is to cover the financing needs of internationalized companies affected by the health crisis. The facility was created within the framework of the Economic Resources Plan approved on 17 March by the Spanish government and published in Executive Order 8/2020 on urgent and extraordinary measures to confront the economic and social impact of Covid-19.