Spain: EIB provides ICF with loan of up EUR 250 million to help small businesses cope with COVID-19 crisis

This is one of the first operations mounted under the EIBs EUR5 billion programme to safeguard European businesses in the face of the coronavirus crisis.

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https://www.eib.org/press/all/2020-129-eib-provides-icf-with-loan-of-up-eur-250-million-to-help-small-businesses-cope-with-covid-19-crisis

Retrieved on:

Thursday, May 28, 2020

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European Union, Economy of the European Union, Multilateral development banks, European Investment Bank, Economy, Financial services, EIB, Sustainable Development Goals

Summary

Key Points:

This is one of the first operations mounted under the EIBs EUR5 billion programme to safeguard European businesses in the face of the coronavirus crisis.
After Madrid, Catalonia is the Spanish region hit second hardest by the coronavirus health emergency.
This EIB and ICF funding will help to preserve Catalonias productive fabric at this time of crisis.
Small businesses are the backbone of the European and Spanish economy, and are therefore in the front line of the EIBs response to the coronavirus crisis.
At the same time, the EIB Group is refocusing its activity to meet the financing needs caused by the COVID-19 crisis and provide immediate help to European firms.
Find out more about the proposed EIB and EIF support About the ICF: The ICF is Catalonias public financial institution.
In this connection, it actively pursues the achievement of the Sustainable Development Goals in line with the United Nations Agenda 2030.