ANNOUNCEMENT 11 Sep 2014

In September 2014, the government of Venezuela announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Gobierno Bolivariano de Venezuela (2014) "Gobierno Bolivariano otorga cr?ditos productivos por m?s de Bs. 1.900 millones". Available from:

http://www.mefbp.gob.ve/index.php?option=com_content&view=article&id=682:gobierno-bolivariano-otorga-creditos-productivos-por-mas-de-bs-1900-millones&catid=1:latest-news&Itemid=401


Inception date: 11 Sep 2014 | Removal date: open ended
Still in force

State loan

On 11 September 2014, the government of Venezuela announced the distribution to 43 domestic companies of loans with a total amount exceeding 300,000,000 USD. The initiative was taken with the intention of boosting the national economic development.
 
In addition, the Bank for Foreign Trade (Bancoex) and the Bank for Economic and Social Development of Venezuela (Bandes) allocated 113,328,082 USD to five companies in the manufacturing sector.
 
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.