AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 30 June 2017, Export Development Bank Canada (EDC) announced export financing for various Canadian exporters (telecom and ICT) relating to exports to Chile. The stated purpose of the transaction is support for working capital/general corporate purposes to Empresa Nacional de Telecomunicaciones S.A., Chile.
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.$37.6 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.
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