Industrial Policy & Trade Monitor· 2663 actions· ✨ 89 recent

On 9 February 2026 the European Investment Fund (EIF), part of the EIB Group, and Deutsche Sparkassen Leasing AG & Co. KG (Deutsche Leasing) signed two InvestEU-backed guarantee agreements — an uncapped EUR 200 million facility and a capped EUR 600 million facility (up to 70% guarantee rate, 5% cap rate on the capped tranche) — totalling up to EUR 800 million. The guarantees let Deutsche Leasing build a portfolio of up to EUR 1.1 billion in new sustainable asset finance, covering an estimated 4,600 leasing and loan contracts (up to EUR 8.25 million each) for SMEs and small mid-caps across its European network. The press release states coverage across 14 European countries but does not name them individually; GTA's own jurisdiction tagging lists all 27 EU member states, which is broader than the "14 countries" figure in the primary source and is not treated as authoritative here.

KfW, Germany's state-owned development bank, and grenke AG signed their fourth joint global loan agreement, providing EUR 200 million to fund below-market leasing financing for German small and medium-sized enterprises and mid-market companies with annual revenue up to EUR 500 million. Eligible investments include digitalization, climate protection, and infrastructure projects. The subsidy is delivered as a promotional discount ("Förderrabatt") credited directly to the leasing customer at contract conclusion.

On 5 February 2026 Bangladesh Bank's SME & Special Programmes Department issued SMESPD Circular No. 02, establishing a BDT 30 billion (~USD 245 million) refinancing scheme for cluster-based financing of Cottage, Micro, Small and Medium Enterprises (CMSMEs). Participating banks and non-bank financial institutions can draw on the fund to on-lend to CMSME clusters at concessional rates. The circular was issued the same day as the companion SMESPD Circular No. 03 (Financial Sector Fund for the Development of MSMEs, BDT 15 billion), together restructuring Bangladesh Bank's CMSME refinance-fund architecture.

On 5 February 2026 Bangladesh Bank's SME & Special Programmes Department issued SMESPD Circular No. 03, formally establishing the "Financial Sector Fund for the Development of Micro, Small and Medium Enterprises" (FSFDMSME), a BDT 15 billion (~USD 122 million) refinancing facility. Participating banks and non-bank financial institutions can draw on the fund to refinance MSME loans at concessional rates, aimed at improving credit access for micro, small and medium enterprises. The circular was issued alongside the companion SMESPD Circular No. 02 (Cluster Financing Scheme, BDT 30 billion) the same day, both restructuring Bangladesh Bank's CMSME refinance-fund architecture.

On 5 February 2026, at the National Investment Promotion Meeting, Mexico's two state development banks — Nacional Financiera (Nafin) and Banco Nacional de Comercio Exterior (Bancomext) — announced a scheme to mobilise over MXN 120 billion (~USD 6.9 billion) in financing for micro, small and medium enterprises (MiPyMEs) and strategic Plan México projects. The package channels public resources through credit, guarantees and co-investment mechanisms, including 70% credit guarantees up to MXN 20 million in priority sectors and 80% guarantees on first-time credits up to MXN 5 million, alongside reduced factoring interest rates and an additional MXN 40 billion Bancomext facility for industrial real estate. The scheme operationalises financing for the PODECOBI/PODECIBI economic development poles established under Mexico's 2025 Plan México decree.

Qatar Development Bank (QDB), operating under guidance from Qatar Central Bank and in partnership with national banks, unveiled the National Funding Gate (TAMKEEN) — a unified digital financing platform — alongside a revamped Credit Guarantee Program ("Al Dhameen") with an initial QAR 3 billion (approximately USD 824 million) allocation. The guarantee facility shares default risk with partner banks to expand financing access for Qatar-based private-sector companies, in line with the economic-diversification objectives of Qatar National Vision 2030.

On 3 July 2025 the EIB Group (European Investment Bank and European Investment Fund) announced backing for a cash securitisation of auto leases originated by Polish platform VEHIS. The EIB will invest PLN 637 million (EUR 150 million) in senior notes, while the EIF will provide bilateral guarantees enabling a third-party institutional investor to purchase a similarly sized tranche of notes. The operation is designed to generate a new portfolio of SME and Mid-Cap auto leases totalling PLN 2.6 billion, with at least 30% earmarked for women-led businesses and at least 10% for climate action including electric-vehicle leasing.

The European Investment Fund (EIF), part of the EIB Group, signed guarantee agreements on 12 June 2025 with 11 Spanish finance companies — Andbank (via Actyus Growth Finance), BBVA, CaixaBank, EBN Banco, ICF, Inveready, Kutxabank, MicroBank, Santander, Tresmares and Unicaja (via Seneca Direct Lending) — to mobilise EUR 2.5 billion in new financing for Spanish SMEs and mid-caps. The guarantees are funded through Spain's Regional Resilience Fund under the Recovery, Transformation and Resilience Plan (NextGenerationEU), combined with EIF own funds, and were announced at a Madrid event with Spain's Ministry of Economy, Trade and Enterprise. More than 6,000 companies are expected to benefit, targeting investment in research, development and innovation, energy efficiency, the social economy and digitalisation. Global Trade Alert separately logs the transaction as a "red"-flagged state-linked lending-support intervention.

Japan's government, acting through the "Comprehensive Countermeasures Headquarters for US Tariff Measures" (established after the April 2025 Trump reciprocal-tariff announcement), decided on 27 May 2025 to draw JPY 388.1 billion from FY2025 budget reserves for tariff-cushioning relief. JPY 288.1 billion reactivates the electricity and city-gas bill subsidy (JPY 2/kWh electricity, JPY 8/m3 city gas) for July-September 2025 usage, cutting an average household's summer utility bill by roughly JPY 3,000. The remaining JPY 100 billion funds increased subsidies to local governments supporting businesses' electricity and LPG costs and expanded funding support to SMEs via government-backed lenders. METI issued special retail-tariff authorizations to electric and city-gas utilities on 25 June 2025 to implement the July-September discount.

On 29 April 2025 Brazil's Federal Senate approved two external credit operations, both backed by a Union guarantee, authorizing the national development bank BNDES to raise a combined ~BRL 2.6 billion (~USD 460m). USD 250m (~BRL 1.4bn) comes from the Inter-American Development Bank (IDB) to fund the BID-BNDES Program for Sustainable and Productive Recovery of MSMEs, prioritising women-led, vulnerable-area and sustainability-linked enterprises that have not yet recovered from COVID-19. JPY 30bn (~BRL 1.2bn) comes from Japan's JICA, split up to JPY 12bn (~BRL 480m) for the medical/health sector and up to JPY 18bn (~BRL 720m) for MSMEs across other sectors, at a concessional 0.01%/year interest rate, 180-month total term and 4-year grace period. Effective the same day as Senate approval; BNDES on-lends the funds via its standard repasse network of accredited financial institutions.