COVID-19: Conditions and requirements for Spain’s government guarantees published

On 24 March, the Council of Ministers agreed to activate a first tranche of €20 billion of the government guarantees approved by means of Royal Decree Law 8/2020, which will be managed by Spain’s financial agency (Instituto de Crédito Oficial, “ICO”) and must be effectively implemented within ten days of the decision by the Council of Ministers (i.e. by 3 April 2020), without any further formalities being required by the Government.

Click to read the full briefing note in Spanish and in English