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by Tiziana Di Giovannandrea 06 April 2020 Agreement reached between the Ministry of Economy and the Farnesina to strengthen support for the Italian economy hit hard by the Covid-19 emergency and exports.

"The agreement was found on the liquidity package for companies, capable of mobilizing resources for over 750 billion euros, over 400 more than the 350 billion already foreseen in the Italian Care Decree". The sources of the MEF report on the negotiations underway in the majority on the package of measures for liquidity to companies contained in the Dl credit before the Council of Ministers.

In particular, explain the same sources, 200 billion of loans are mobilized with guarantees of up to 90% for all companies, with no turnover limits, and another 200 billion of credits destined to support exports ".

In particular, by virtue of the commitment of the Foreign Minister Luigi Di Maio, the role of the Foreign Ministry has been strengthened in collaboration with the Ministry of Economy and the collaboration between the Ministry of Economy and the Ministry of Foreign Affairs has been strengthened in supporting Italian companies in penetration abroad.

The state will ensure 50 billion euros of guarantees given by Sace to exporters, freeing up 50 billion euros for new guarantees that will allow exports to start again. This is made possible by the new role of Sace, the company for internationalization and guarantees to companies belonging to the Cassa Depositi e Prestiti group.