IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 21 Jul 2015 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

On 21 July 2015, the Panama-based Latin American Bank of Foreign Trade (Bladex) announced that alongside the Peruvian Bank Santander, provided a loan in favor of a Peru- based sugar production firm.
 
The Panama-based Latin American Bank of Foreign Trade (Bladex) announced that alongside the Peruvian Bank Santander, provided a USD 40 million, 5-year, Secured Term Loan Facility in favor of Agroindustrial Paramonga S.A.A. (AIPSAA) based in Peru.
 
AIPSAAis a leading agribusiness player in Peru, whose main activity is the production of sugar. Bladex is also acting as the Administrative and Collateral Agent in the transaction defining the financing loan provided to AIPSAA.
 
The loan provided to AIPSAA is aimed to helping the firm undertake relevant investment projects ( i.e. projects which are key in terms of determing a company's overall market share). Furthermore, the loan is also designated to improve the liquidity profile of the firm -- therefore, subsequently improving the credit capacity of the firm .
 
Banco Latinoamericano de Exportaciones, S.A. (Bladex)is a Multinational Bank originally established by the Central Banks of the countries of Latin America and the Caribbean, with the purpose offinancing exporting activitiesand promoting economic integration in the Latin Ameican Region.
 
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170114 Other cane sugar
170199 Other

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