IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 15 Jul 2015 | Removal date: open ended
Still in force

Trade finance

On 15 July 2015, the Italian Eximbank SACE announced in a press release that it would guarantee 270 million EUR of 306 million EUR export credit for the construction of a dam in Kenya.
The Itare Dam shall be constructed by the Italian company CMC-Ravenna, which obtains 30% of its revenues from projects in Sub Saharan Africa.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.

AFFECTED COUNTRIES

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