Gibraltar Chronicle Logo
Local News

UK confirms sovereign guarantee for Gib to borrow £500m in Covid crisis

Britain's Foreign Secretary Dominic Raab walks outside Downing Street. Photo by REUTERS/Toby Melville

The UK Government has confirmed it will provide a loan guarantee enabling the Gibraltar Government to borrow up to £500m at favourable sovereign rates, giving the Rock additional financial firepower at a time when its economy has been hit hard by the Covid-19 public health crisis. The guarantee, which follows months of negotiation and detailed...

Continue Reading

Register free to get 10 premium articles/month.

Register Now

Subscribe to get unlimited access

Subscribe Now

Already a subscriber?