COVID-19:  €2 billion Credit Guarantee Scheme Enacted

The Oireachtas (Irish parliament) has swiftly enacted legislation giving unprecedented support to the continued availability of liquidity to Irish businesses.  The Credit Guarantee (Amendment) Act 2020 (the “Act”) enables the Minister for Jobs, Enterprise and Innovation (the “Minister”) to establish and operate a €2 billion credit guarantee scheme aimed at small-and-medium-sized enterprises (“SMEs”) and some larger Irish-based businesses.

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