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KredEx in major procedural shake-up ahead of new €180 million loan package - Vimarsana News

KredEx in major procedural shake-up ahead of new €180 million loan package

State credit agency KredEx is to be issuing further loans and loan guarantees after a hiatus early on this year. €180 million will be available, with the emphasis to be put on loan guarantees rather than straight-out loans. The government will not take decisions on loans – the largest of which were in the tens of millions during the initial coronavirus wave – in the wake of a major KredEx-related scandal in January which brought down the Center/EKRE/Isamaa coalition. KredEx is also getting a new supervisory board. Processing of KredEx loan applications was suspended at the end ...