The Diplomat
The Council of Ministers yesterday approved the granting of four reimbursable credits totaling more than 11.5 million euros to finance different industrial projects in Thailand, Cameroon, Colombia and Honduras.
The four repayable credits on OECD commercial terms, charged to the Fund for the Internationalization of Enterprise (FIEM), total 11,511,551.82 euros. Under the first agreement, the Government approved the granting of a credit of up to 5,635,200 euros to the company Soapursel, S.A., in Cameroon, to finance a project for the supply of metallic structures for the construction of two industrial plants.
The second agreement provides for a reimbursable loan of up to 2,422,575.82 to Tesco Engineers Co. Ltd. to finance a project for the supply of machinery and technology for the production of PVC pipes in Thailand. Likewise, the Council of Ministers approved a credit of up to 453,776 euros to Mariscos Canales, S.R.L., in Honduras, to finance the project for the supply and start-up of a cooking, cooling and freezing line for peeled shrimp tail.
Finally, the Government authorized the granting of a loan of up to three million euros Mainco Health Care, S.A.S., in Colombia, to finance the project for the supply, installation and qualification of a clean room with HVAC for a new plant for the production and sterilization of single-use medical clothing and material.
“These operations represent an opportunity for Spanish companies to showcase their know-how and technology in thriving sectors,” said the Council of Ministers. “Likewise, this is an opportunity in sectors that used to grow at high speed before the COVID-19 crisis,” it continued. “The potential export drag of these operations is significant for Spanish exporting companies,” it concluded.
