COVID19 Loan

China Backs $750 Million Loan Project for This Country’s COVID19 Response

According to a Reuters report, Beijing-backed Asian Infrastructure Investment Bank (AIIB) has approved a loan of $750 million to help India battle the impact of the coronavirus pandemic on vulnerable households, the bank said on Wednesday.

About the Project
  • The project, co-financed by the Asian Development Bank, aims to strengthen economic aid for businesses, expand social safety nets and bolster healthcare.
  • In May, AIIB approved a $500 million loan to assist India’s emergency response to the...

https://mfame.guru/china-backs-750-million-loan-project-for-this-countrys-covid19-response/

CMA CGM First Shipping Company To Get State Backed COVID19 Loan!

In a major development, CMA CGM has announced that they have secured a €1.05bn loan from BNP Paribas, HSBC and Société Générale, backed by the French government, reports Gavin Van Marle in an article published in the LoadStar.

  • The new debt comes under France’s state-guaranteed loan scheme, established at the end of March in response to the Covid-19 pandemic.
  • The state has guaranteed 70% of the loan, which has an initial one-year maturity and an extension option for up to five years.
Strengthenin...

https://mfame.guru/cma-cgm-first-shipping-company-to-get-state-backed-covid19-loan/