AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 20 September 2018, Export Development Bank Canada (EDC) announced export financing for various Canadian exporters relating to exports to India. The stated purpose of the transaction is support for working capital/general corporate purposes to Tata Communications Limited, India.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$50-100 million. Taking the lowest possible amount, in this case, Can.$50 million (approx. U.S.$38.33 million), is our conservative estimate of the financing received.
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.
⚑ Please report this page in case you detect an inaccuracy in its content.