AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The Spanish Eximbank CESCE opening of insurance coverage services for the Spanish companies' investment operations was approved by Commission of Risks on Account of the State of Spain on 29 June 2017. Through the new funds, CESCE may provide coverage to Spanish companies' medium and long-term investments in Angola for projects with a total insurance value of EUR 200 million (USD 228.47 million).
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.
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